Aecon Group Inc.

Aecon Group Inc.

February 19, 2008 07:00 ET

Aecon awarded three-year $120 million utilities contract from Bell Canada

TORONTO, ONTARIO--(Marketwire - Feb. 19, 2008) -

Attention Business Editors:

Aecon Group Inc. (TSX:ARE) today announced that its Infrastructure Division has been awarded a three-year contract totaling approximately $120 million by Bell Canada with an option to extend for an additional year.

Under the terms of the contract, Aecon will install Bell Canada's underground structures such as manholes and duct structures, and will provide trenching and directional boring services across Ontario. It also includes the installation of Bell Canada's outside plant equipment cabinets, pedestals and walk-in-cabinets.

Aecon has additional contracts with Bell Canada for outside plant maintenance and buried service wires, as well as contracts for cable splicing and line work. Also, Aecon has contracts with Bell ExpressVu for satellite dish installation in Ontario and Western Canada and has contracts in Ontario for cable locate services. Aecon Buildings is also currently constructing Bell Canada's corporate office building at its existing Creekbank Campus in Mississauga.

"We are very pleased to work with Bell Canada, the largest and longest established telecommunications company in Canada," said Teri McKibbon, CEO of Aecon's Infrastructure Group. "Aecon has worked with Bell for over 40 years and we look forward to building upon on our strong relationship."

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 generally described in Section 3.2 "Risk Factors" of Aecon's Annual Information Form available on SEDAR at 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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