Toronto, Ontario – May 19, 2010:
Aecon Group Inc. (TSX: ARE) announced today that its Construction and Materials division has been awarded a $19 million contract to widen nine kilometres of the median of Highway 407 in Markham, Ontario from Highway 404 to Markham Road.
The widening project will add two new lanes to the 407 in each direction, one of which will be opened for traffic usage, while the other will be used as a shoulder lane. Aecon will also perform various works including grading, drainage, asphalt paving, electrical and overhead sign support structures.
Construction begins immediately and is scheduled for completion in early September 2010.
“We are very pleased to be continuing work on Highway 407 ETR, as we have played a major role in the construction and expansion of this highway since 1994,” said Teri McKibbon, CEO of Aecon’s Infrastructure Group. “Our client has demonstrated its confidence in Aecon based on the broad scope of work the project entails.”
Aecon Group Inc. is Canada’s largest, publicly traded construction and infrastructure development company. Aecon and its subsidiaries provide services to private and public sector clients throughout Canada and on a selected basis internationally. Aecon is pleased to be recognized as one of the 50 Best Employers in Canada as published by Report on Business Magazine.