Aecon partnership executes contract to advance in-water works design for the Contrecœur Terminal Expansion project in Québec
February 28 2024 - 3:17PM
Aecon Group Inc. (TSX: ARE) (“Aecon”) announced today that
Contrecoeur Terminal Constructors General Partnership, comprised of
Aecon (40%) and Pomerleau (60%), has executed a contract with the
Montréal Port Authority (“MPA”) for the Contrecœur Terminal
Expansion project in-water works under a Progressive Design-Build
approach.
The collaborative agreement covers a 12-month
development phase to finalize the design, estimated schedule and
cost of this phase of the project, delivered under a Progressive
Design-Build approach. The scope of in-water works following the
development phase includes dredging, the construction of dock
infrastructure, quay walls, return walls, and auxiliary works.
“The in-water works are an important component
of delivering the new Contrecœur terminal – providing increased
capacity to the largest container port in Eastern Canada and
supporting continued economic growth in Québec and Canada,” said
Jean-Louis Servranckx, President and Chief Executive Officer, Aecon
Group Inc. “We look forward to bringing our experience working
under collaborative delivery models and building complex civil
infrastructure to deliver this vital project with our client and
partner.”
The Contrecœur terminal is a diversified
transshipment centre served by some of the largest shipping lines
in the world – connecting to major rail networks and highways and
helping to meet the needs of domestic and international importers,
exporters and consumers.
Further information about the project is
available on the MPA website.
About Aecon
Aecon Group Inc. (TSX: ARE) is a North American
construction and infrastructure development company with global
experience. Aecon delivers integrated solutions to private and
public-sector clients through its Construction segment in the
Civil, Urban Transportation, Nuclear, Utility and Industrial
sectors, and provides project development, financing, investment,
management, and operations and maintenance services through its
Concessions segment. Join our online community on X, LinkedIn,
Facebook, and Instagram @AeconGroupInc.
Statement on Forward-Looking
Information
The information in this press release includes
certain forward-looking statements. These forward-looking
statements are based on currently available competitive, financial
and economic data and operating plans but are subject to risks and
uncertainties. In addition to events beyond Aecon's control, there
are factors which could cause actual or future results, performance
or achievements to differ materially from those expressed or
inferred herein, as discussed in greater detail in Section 13 –
“Risk Factors” in the Management’s Discussion and Analysis filed on
September 30, 2023 MD&A and in the 2022 Annual MD&A dated
February 28, 2023 and available through SEDAR+ (www.sedarplus.com).
Except as required by applicable securities laws, forward-looking
statements speak only as of the date on which they are made and
Aecon undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise, except as required by applicable
law.
For further information:
Adam BorgattiSVP, Corporate Development and Investor
Relations416-297-2600ir@aecon.com
Nicole CourtVice President, Corporate
Affairs416-297-2600corpaffairs@aecon.com
Diane RivardSenior Advisor,
Communications438-341-9302drivard@aecon.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e9488a4c-5e58-46c4-8aff-e6ade037406d
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