Toronto, Ontario – November 1, 2018: Aecon Group Inc. (TSX: ARE) announced today that a joint venture between Aecon (40%) and Traylor Bros Inc. (60%) has been awarded a $267 million contract by Metro Vancouver (Greater Vancouver Water District) for the Second Narrows Water Supply Tunnel project in British Columbia.
The scope of work includes construction of two shafts, one on each side of Burrard Inlet, connected by a 1,100-metre tunnel. The north entry shaft will be in North Vancouver and approximately 60 metres deep, while the south exit shaft will be in Burnaby and approximately 110 metres deep.
Work will commence in November 2018 and the project is expected to reach completion by the end of 2023.
“We look forward to successfully and safely delivering this complex, multi-year project for Metro Vancouver to ensure the continued, reliable delivery of clean drinking water to member jurisdictions,” said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. “This award further advances Aecon’s recognized reputation as a partner-of-choice for tunnelling projects, while expanding our solid presence in Western Canada working on large-scale critical infrastructure projects.”
About Aecon
Aecon Group Inc. (TSX: ARE) is a Canadian leader and partner-of-choice in construction and infrastructure development. Aecon provides integrated turnkey services to private and public-sector clients in the Infrastructure and Industrial sectors, and provides project management, financing and development services through its Concessions segment. For more information, please visit aecon.com and follow us on Twitter, LinkedIn, and Instagram @AeconGroup.