Aecon Group Inc.
TSX : ARE

Aecon Group Inc.

August 26, 2008 17:00 ET

Aecon Awarded $31 Million Contract for Reconstruction of Smiths Falls District Hospital

TORONTO, ONTARIO--(Marketwire - Aug. 26, 2008) -

Attention Business Editors:

Aecon Group Inc. (TSX:ARE) announced today that its Buildings Division has been awarded a contract totaling approximately $31.5 million for the re-development of the Perth and Smiths Falls District Hospital in Smiths Falls, Ontario.

Under the contract, Aecon will build a new 58,000 square foot multi-level wing addition to the hospital. Also included in the project is the renovation of 70,000 square feet of the existing hospital structure, and the reconfiguration of the exterior parking area. The project will be completed in three phases, with work beginning in September 2008, and a scheduled completion date of December 2010.

Aecon now has four hospital contracts underway, including work on the IWK Health Centre in Halifax, the Rouge Valley Health System in Ajax, and the Toronto Rehabilitation Institute in Toronto as well as this new contract.

"This project is the most recent in a series of awards recognizing Aecon's experience and expertise in the social infrastructure segment,and the strategic priority we are placing on this sector," said Robert McDonald, President, Aecon Buildings. "We are very pleased to be working with the Perth and Smiths Falls District Hospital on the reconstruction of this important facility."

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.

Contact Information