Aecon Group Inc.
TSX : ARE

Aecon Group Inc.

June 25, 2008 08:44 ET

Aecon Awarded $81 Million Highway Contract in Alberta

EDMONTON, ALBERTA--(Marketwire - June 25, 2008) -

Attention Business Editors:

Aecon Group Inc. (TSX:ARE) announced today that it has been awarded a contract by Alberta Transportation to twin a 13-kilometre section of Highway 21 near Edmonton. The $81-million contract is the largest civil construction project Aecon has received since opening its civil construction office in 2006.

Under the contract, Aecon will twin the 13-kilometre section of Highway 21 near Edmonton, from south of Highway 628 to north of Highway 16. The scope of the project includes grading, granular base, asphalt paving and highway lighting as well as traffic signals and storm water management.

Aecon's other civil infrastructure projects in Alberta since opening its office two years ago include: construction of 5 bridges for Calgary's new ring road, an open cut tunnel for Edmonton's LRT, construction of 10 storage tank foundations for Shell Canada and other civil works, as well as two projects for BA Energy and Kinder Morgan Canada, undertaken in conjunction with Aecon's Industrial division.

"This latest award is important for our civil business in Alberta because it clearly establishes Aecon as a player in the Northern Alberta transportation infrastructure market," said Teri Mckibbon, CEO, Aecon Infrastructure. "These projects, combined with our recently announced work for the oil and gas sector, also demonstrate our ability to serve a broad range of clients in a number of Alberta's most important infrastructure construction markets."

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