Bird Construction Income Fund announces execution of design and construction
contract with B2L Partnership

    
    LISTING: TORONTO STOCK EXCHANGE
    SYMBOL: BDT.UN
    

TORONTO, April 15 /CNW/ - Bird Construction Income Fund announces that an operating subsidiary of the Fund has executed a design and construction contract with B2L Partnership to construct three new schools in Edmonton and seven new schools in the Calgary region of Alberta. On March 16, 2010, the Fund announced that Bird is a member of the contracting joint venture to the B2L Partnership consortium that was selected as the preferred proponent to design, build, finance and maintain the schools for the Province of Alberta. Since that time, the consortium has reached financial close. The project will commence immediately and completion is expected in the summer of 2012.

Bird's role relates to the design and construction of the schools in joint venture with Graham Construction.

This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information: P.R. Raboud, CEO or S.R .Entwistle, CFO, Bird Construction Company Limited As Administrator of Bird Construction Income Fund, 5403 Eglinton Avenue West, Toronto, Ontario, M9C 5K6, Phone: [phone], Fax: [phone]