Aecon Group Inc.
TSX : ARE

Aecon Group Inc.

September 24, 2008 17:00 ET

Aecon Awarded $19 Million MTO Contract to Reconstruct Highway 11 Near Huntsville

TORONTO, ONTARIO--(Marketwire - Sept. 24, 2008) -

Attention Business Editors:

Aecon Group Inc. (TSX:ARE) announced today that it has been awarded a $19.1 million contract by the Ontario Ministry of Transportation (MTO) to reconstruct a 5 km stretch of Highway 11 near Huntsville, Ontario.

Under the contract, Aecon will remove the existing southbound bridge structure on Highway 11 at Lake Vernon near Huntsville, and will build a new southbound bridge in its place.

The project involves a unique construction challenge in an environmentally sensitive lake, and will be completed using predominantly marine capabilities. Marine barges will be used to remove the existing eight piers in Lake Vernon, and to build four piers for the new 235 meter long, five span bridge structure.

Work commenced on the project in August of 2008 and is scheduled to be completed in September of 2010.

"The environmental aspects of this project are unique, and as the work is located in a sensitive area, the use of Aecon's marine capabilities will ensure that the project is completed with the utmost respect for the surrounding environment," said Teri McKibbon, CEO of Aecon's Infrastructure group. "MTO is a valued Aecon customer and we are very pleased to have this newest opportunity to continue building on our relationship, which spans more than 75 years."

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 internationally. Aecon is pleased to be recognized as one of the 50 Best Employers in Canada as published by Report on Business Magazine.

The information in this news release includes certain forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties which are discussed in greater detail in the section entitled "Risk Factors and Uncertainties" in Management's Discussion and Analysis of operating results and Financial Condition for the year ended December 31, 2007 filed on SEDAR at www.sedar.com. Although Aecon believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct.

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