Aecon Group Inc.

Aecon Group Inc.

April 22, 2008 07:00 ET

Aecon Awarded Two New Projects From Union Gas Totaling $45 Million

TORONTO, ONTARIO--(Marketwire - April 22, 2008) -

Attention Business Editors:

Aecon Group Inc. (TSX:ARE) today announced that its Industrial division has been awarded two new contracts from Union Gas totaling approximately $45 million, for pipe fabrication and construction of two natural gas compressor stations.

Under the terms of the contracts, Aecon will deliver the following projects:

- The Bright A1/A2 Retrofit project involves the retrofit of two gas
compressor units and extensive modifications to the existing
compressor station facility. The Bright facility is located near
Cambridge, Ontario. The $20 million project is expected to be
completed by October 2008.

- The Dawn Deliverability project involves the complete construction of
a new gas compressor station (Dawn I) inside the Union Gas Dawn
Operations Centre, located near Sarnia, Ontario. Simultaneously with
this new compressor, Aecon will also be constructing several
associated projects at the Dawn site. Expected completion date for
this $25 million project is November 2008.

These contracts are in addition to the $150 million, three year contract renewal with Union Gas announced by Aecon's Infrastructure division earlier this year.

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. Aecon Buildings will also complete Tenant Improvement renovations to various sites across the Union Gas Portfolio.

"Aecon is proud of our long-standing relationship with Union Gas, and of the confidence shown in our ability to deliver two simultaneous projects of this size and complexity," said Jake Berg, President, Aecon Industrial Central Canada Division. "These contracts represent Aecon Industrial's 31st and 32nd natural gas compressor station projects. Our field construction resources, in combination with our pipe fabrication team, provides optimum cost efficiency in high performance construction markets like gas compression."

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. Forward-looking statements are based on estimates and assumptions derived from past experience and interpretation of historical trends, current conditions and expected future developments. Many factors could cause Aecon's actual results, performance or achievements to vary from those expressed or inferred by these statements. Risk factors 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 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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