Aecon Group Inc.
TSX : ARE

Aecon Group Inc.

March 10, 2008 07:00 ET

Aecon Awarded Three-Year Utilities Distribution Contract Totaling $150 Million From Union Gas

TORONTO, ONTARIO--(Marketwire - March 10, 2008) -

Attention Business Editors:

Aecon Group Inc. (TSX:ARE) today announced that its Infrastructure Division has been awarded a three-year alliance contract renewal from Union Gas totaling approximately $150 million.

Under the terms of the contract, Aecon will install mains, service lines and distribution system pipelines, perform engineering pipeline project work, assist with integrity and maintenance of Union Gas' distribution pipeline infrastructure, and install standard distribution stations. The scope of the contract has increased and will now include the construction of some larger diameter pipeline projects.

The majority of the work will be done in Southwestern Ontario with a focus on the Windsor, Chatham, London, Sarnia, Waterloo and Brantford areas, with projects in Northeastern Ontario as well.

Aecon has additional contracts with Union Gas through several of its divisions. Aecon's Industrial Division works with Union Gas to build, expand and upgrade major compressor stations. As well, Aecon Buildings is currently completing a LEED Gold certified office building for Union Gas and will be constructing two additional LEED Gold certified buildings for the company in 2008/2009. In addition, Aecon Buildings will complete Tennant Improvement renovations to various sites across the Union Gas Portfolio.

"Union Gas is a long-time client and this relationship is a true strategic alliance between our companies with Union Gas at the forefront of alliance contract management in North America," said Teri McKibbon, CEO, Aecon Infrastructure. "Aecon's ability to offer a large scope of services allows us to deliver lasting and significant improvements to the execution of our work in helping Union Gas meet their construction needs."

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 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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