Aegion Receives $10.6 Million Wastewater Plant Rehabilitation Contract
Aegion Corporation (NASDAQ: AEGN) today announced its subsidiary, Insituform Technologies Limited (“Insituform”), was awarded a $10.6 million (USD) contract from the City of Montreal, Quebec, Canada.
Insituform will rehabilitate more than 9 miles of 12-inch to 42-inch diameter wastewater pipelines with its cured-in-place pipe (CIPP) technology. The complex rehabilitation work will include egg-shaped brick pipeline sections that are approximately 100 years old. Insituform also will perform a variety of contract services including reinstating more than 2,100 service connections using its proprietary robotic technology and manhole replacements.
Insituform expects to begin work in July 2013 and complete the work over the next 12 months. Installations will take place in downtown Montreal as well as boroughs located throughout the city.
Ken Foster, President of Insituform Technologies in Canada, said, “Insituform opened an office in Montreal in 2010 to actively build a presence in eastern Canada. We look forward to working with the City of Montreal to successfully complete this project with minimal disruption to the community.”
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.