19:22:42 EDT Wed 01 May 2024
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Aecon Group Inc
Symbol ARE
Shares Issued 62,266,317
Close 2024-02-28 C$ 14.18
Market Cap C$ 882,936,375
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Aecon partnership to design MPA Contrecoeur project

2024-02-28 16:37 ET - News Release

Mr. Jean-Louis Servranckx reports

AECON PARTNERSHIP EXECUTES CONTRACT TO ADVANCE IN-WATER WORKS DESIGN FOR THE CONTRECOEUR TERMINAL EXPANSION PROJECT IN QUEBEC

Contrecoeur Terminal Constructors General Partnership, composed of Aecon Group Inc. (40 per cent) and Pomerleau (60 per cent), has executed a contract with the Montreal Port Authority (MPA) for the Contrecoeur 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 Contrecoeur terminal -- providing increased capacity to the largest container port in Eastern Canada, and supporting continued economic growth in Quebec and Canada," said Jean-Louis Servranckx, president and chief executive officer, Aecon Group. "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 Contrecoeur 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 Group Inc.

Aecon Group 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.

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