-- US$126
million contract for I-90/SR-18 Interchange Improvements and
Widening --
TORONTO, Jan. 18, 2022 /CNW/ - Aecon Group Inc. (TSX: ARE)
announced today that it has been awarded a US$126 million contract by the Washington State Department of Transportation
(WSDOT) to design and build the Interstate-90 (I-90) / State
Road-18 (SR-18) to Deep Creek Interchange Improvements and Widening
project near Snoqualmie,
Washington. The value of the contract will be added to
Aecon's Construction segment backlog in the first quarter of
2022.
The scope of work includes the design and construction of a
four-lane diverging diamond interchange, the widening of SR-18 to
four lanes from the interchange to Deep Creek, as well as the
design and construction of a four-lane bridge over Deep Creek, and
a two-lane bridge over Raging River. Construction is expected to
commence in the third quarter of 2022, with
anticipated completion in the fourth quarter of 2024.
"Building on our strong presence in Western Canada, expanding our business in the
Northwestern US is a natural progression and we are encouraged by
the robust infrastructure opportunities in this market," said
Jean-Louis Servranckx, President and
Chief Executive Officer, Aecon Group Inc. "We look forward to
safely and successfully delivering this critical project for our
client."
Further information about the project is available on the WSDOT
website.
About Aecon
As a Canadian leader in construction and infrastructure
development with global expertise, Aecon Group Inc. (TSX: ARE)
strives to be the number one Canadian infrastructure company and is
proud to be recognized as one of the Best Employers in Canada. Aecon safely, profitably and
sustainably 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
and management services through its Concessions segment. Join our
online community on Twitter, LinkedIn, Facebook and Instagram
@AeconGroup.
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
February 25, 2021. 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.
SOURCE Aecon Group Inc.