Aecon Group Inc.
TSX : ARE

Aecon Group Inc.

July 03, 2008 17:16 ET

Aecon/Caspian Joint Venture Awarded Contract for New Winnipeg Mail Processing Plant

TORONTO, ONTARIO--(Marketwire - July 3, 2008) -

Attention Business Editors:

Aecon Group Inc. (TSX:ARE) announced today that a 50/50 joint venture consisting of Aecon Buildings and Caspian Projects Inc. of Winnipeg, Manitoba has secured a contract to design and build Canada Post's new Winnipeg mail processing plant.

Under the contract, Aecon and Caspian will design and build a new LEED certified plant and administration complex totaling approximately 260,000 sq feet.

The Project will consist of a 200,000 sq foot plant, 20,000 sq foot mezzanine area and 40,000 sq foot administration facility, and will include 40 high dock loading bays. It represents the largest investment Canada Post has made in a city's postal operation in the last 20 years, and is the first step in the Corporation's plans to invest as much as $1.9 billion over the next several years to modernize and revitalize its national postal network.

The new plant will be located at the Winnipeg International Airport and will be built to LEED specifications (Leadership in Energy and Environmental Design), reflecting the environmental sustainability of the design and construction methods used. Construction is scheduled to begin in July, 2008, with completion slated for December, 2009.

Aecon and Caspian have worked together on previous projects in Manitoba, including the 2005 Canadian Design-Build Award winning 2PPCLI Garrison Facility in CFB Shilo, and the 17 Wing Logistics Consolidation Buildings for the Department of National Defence in Winnipeg.

"We are proud to be part of the team designing and building the first of Canada Post's new modern line of mail processing plants," said Robert McDonald, President of Aecon Buildings Group. "This project award is further evidence of Aecon's ability to execute first class commercial and industrial building construction across Canada."

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.

Caspian Construction is an award-winning contractor based in Winnipeg. It has completed numerous projects across Canada and the US involving all types of construction projects.

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