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MISSISSAUGA, ON, Dec. 12, 2017 /CNW/ - Bird Construction Inc.
("Bird") announced today that it is part of the Hartland Resource
Management Group consortium selected as the preferred proponent to
design, build, finance, operate and maintain a residuals treatment
facility (the "Facility") for the Capital Regional District
("CRD"). Bird is part of the joint-venture who will lead the design
and construction of the project, and Bird 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 be located at the Hartland Landfill in
Saanich, British Columbia, and is
part of the CRD's Wastewater Treatment Project. The Facility will
process the residual waste material from the McLoughlin Point
Wastewater Treatment Plant to meet environmental regulatory
requirements. The Facility will have capacity to treat over
fourteen thousand dry tonnes of residuals per year.
The consortium plans to reach financial close in early
February 2018, with construction
expected to commence in the spring of 2018. At this time, there can
be no assurances that the consortium will receive a contract award
related to this project.
"Bird is proud to be part of the consortium selected as the
preferred proponent to design, build, finance, operate and maintain
the CRD's residuals treatment facility. This important project adds
to our expanding portfolio of environmental and public-private
partnership projects and further secures the Company as a key
Canadian participant in this delivery model and in this sector,"
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.