LISTING: TORONTO STOCK EXCHANGE
SYMBOL: BDT
TORONTO, Jan. 30, 2017 /CNW/ - Bird Construction Inc.
announced today that it is part of the Harbour City Solutions
consortium selected as the preferred proponent to design, build,
finance, operate and maintain, a biosolids management project for
the City of Hamilton, Ontario.
Bird has a 50% interest in the construction joint
venture that will design and build the project. It will also
take a minority equity interest in the concession responsible for
the design, construction, financing, operations and maintenance of
the project through Bird Capital, a wholly owned subsidiary.
The facility will use a thermal drying process to produce
pellets which will be used as fertilizer or fuel. The plant will
process up to 60,000 wet tonnes per year of biosolids over the
30-year term of the contract.
The consortium plans to reach financial close in March of this
year, with construction expected to commence shortly thereafter. At
this time there can be no assurances that the consortium will
receive a contract award related to this project.
"The Company is very pleased to be selected as the preferred
proponent to design, build, finance, operate and maintain the
Hamilton Biosolids Project. We are proud of our growing portfolio
of environmental projects, particularly those procured under a
public private partnership format", said Mr. Ian Boyd, President and CEO of Bird.
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.
SOURCE Bird Construction Inc.