Mr. Adam Borgatti reports

AECON CONSORTIUM REACHES FINANCIAL CLOSE FOR THE STATIONS CONTRACT ON THE SURREY LANGLEY SKYTRAIN PROJECT

South Fraser Station Partners, a consortium comprising Aecon, ACCIONA and Pomerleau, in which Aecon Group Inc. holds a 33.3-per-cent interest, has reached financial close for the stations contract on the Surrey-Langley skytrain project. The contract is valued at $928-million and Aecon's share of the contract was added to its construction segment backlog in the second quarter of 2024.

The Surrey-Langley skytrain will extend the existing Expo Line along Fraser Highway from King George Station to a new terminus station in Langley City Centre. The project includes the design and construction of eight stations, three transit exchanges, nine power substations and 250 metres of guideway at the skytrain's terminus station. Certain early works are under way and construction is expected to commence in late 2024, with anticipated substantial completion in 2029.

"We look forward to working with the province of B.C. and our partners to deliver this critical transit extension -- improving mobility for one of the fastest-growing areas in Metro Vancouver," said Jean-Louis Servranckx, president and chief executive officer, Aecon Group. "The stations contract is a significant component of the Surrey-Langley skytrain project and we are proud to bring our expertise in delivering complex transit projects to build sustainable infrastructure that meets the needs of future generations."

About Aecon Group Inc.

Aecon Group is a North American construction and infrastructure development company with global experience.

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