Toronto, Ontario – October 23, 2024: Aecon Group Inc. (“Aecon”) is pleased to announce that Aecon-led consortiums have been awarded three civil construction contracts for projects in British Columbia. Aecon’s interest in two of the contacts is valued at $119 million and will be added to its Construction segment backlog in the third quarter of 2024, with the third contract commencing under a development phase agreement.
BC Highway Reinstatement Program – Highway 8, Category B Project
Aecon-Emil Anderson Construction General Partnership (“AEGP”), a 50/50 consortium between Aecon and Emil Anderson Construction, has been selected by the Province of British Columbia to deliver the Highway 8 – Category B Project under a progressive alliance contract model. AEGP will work as an integrated team with the province during a 10-month development phase to finalize the design, scope and target cost of the project, with construction expected to commence in the second quarter of 2025 and completion expected in late 2026. The scope of work includes replacing two temporary structures with permanent bridges and building approximately 3 kilometres of connecting highway approximately 15 kilometres east of Spences Bridge to improve safety and climate resiliency.
R.W. Bruhn Bridge Replacement Project
AEGP has also been awarded a contract by the Province of British Columbia for the R.W. Bruhn Bridge Replacement Project. The scope of work includes building a new four-lane bridge with a multi-use pedestrian and cyclist path connecting to the Trans-Canada Highway in Sicamous, widening 1.9 kilometres of highway to four lanes, and upgrading intersections between Old Sicamous Road and Silver Sands Road. Construction is expected to commence in the fourth quarter of 2024, with anticipated completion in the second quarter of 2027.
Holdom Overpass Project
In Metro Vancouver, Aecon GIG General Partnership, a 50/50 consortium between Aecon and Gateway Infrastructure Group, has been awarded a contract by the Vancouver Fraser Port Authority for the Holdom Overpass Project. The scope of work includes the design and construction of a new four-lane overpass that will extend Holdom Avenue south across Still Creek and the CN rail corridor, connecting to Douglas Road in Burnaby. The project also involves the construction of a new bridge crossing Sunken Engine Creek, building a new pump station, the extension of Goring Street to Kingsland Drive, intersection upgrades, as well as habitat enhancements and restorations. Construction is expected to commence in the fourth quarter of 2024, with anticipated completion in the third quarter of 2027. The Vancouver Fraser Port Authority is delivering the project in partnership with the City of Burnaby, CN, and the Government of Canada.
“We are pleased to add three significant civil construction contracts to our strong roster of projects in Western Canada that will enhance the safety and connectivity of communities and improve the climate resiliency of transportation infrastructure to meet the needs of growing populations in British Columbia,” said Scott Marshall, Senior Vice President, Major Projects West, Aecon. “We look forward to successfully delivering these important projects working with our partners and valued clients.”
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.
For further information:
Adam Borgatti
SVP, Corporate Development and Investor Relations
416-297-2600
ir@aecon.com
Nicole Court
Vice President, Corporate Affairs
416-297-2600
corpaffairs@aecon.com