TORONTO, April 12, 2018 /CNW/ - Aecon Group Inc. ARE announced today that NouvLR General Partnership ("NouvLR") has finalized a $5 billion contract with CDPQ Infra Inc. ("CDPQ Infra"), subsidiary of the Caisse de dépôt et placement du Québec, for the engineering, procurement and construction of the Réseau express métropolitain ("REM"). NouvLR is a consortium comprised of: Groupe Aecon Québec Ltée, Dragados Canada Inc., EBC Inc., Pomerleau Inc., and SNC-Lavalin Major Projects Inc.

Aecon's 24 per cent share in the project will add $1.2 billion to backlog in the second quarter of 2018.

The REM is a fully automated, electric light rail transit network that includes 67 kilometres of double tracks, 3.5 kilometres of tunnels, 26 new accessible stations and park-and-ride facilities with associated bus terminals. By integrating into existing public transit networks in Montreal the REM will create a connected transit system linking downtown Montreal, the South Shore, West Island, North Shore and Pierre Elliott Trudeau International Airport. Early works are already underway with construction anticipated to start in the spring of 2018.

"This critical addition to the Greater Montréal Area represents another big step in Canada's unprecedented transit build-out," said John M. Beck, President and Chief Executive Officer, Aecon Group Inc. "This contract illustrates Aecon's proven reputation delivering first-rate transit solutions and underscores the strong backlog of our Infrastructure segment. Aecon is pleased to work with our valued partners on this historic, world class project that will expand Montréal's transit network, reduce commute times and bring communities closer to each other."

About Aecon

Aecon Group Inc. ARE is a Canadian leader and partner-of-choice in construction and infrastructure development.  Aecon provides integrated turnkey services to private and public sector clients in the Infrastructure, Energy and Mining sectors and provides project management, financing and development services through its Concessions segment. For more information, please visit aecon.com and follow us on Twitter at @AeconGroup.

Statement on Forward-Looking Information

The information in this press release includes certain forward-looking statements. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties.  Forward-looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, strategies and outlook for Aecon.  Forward-looking statements, may in some cases be identified by words such as "will," "plans," "believes," "expects," "anticipates," "estimates," "projects," "intends," "should" or the negative of these terms, or similar expressions. In addition to events beyond Aecon's control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein including, but not limited to: the timing of projects, unanticipated costs and expenses, general market and industry conditions and operational and reputational risks, including Large Project Risk and Contractual Factors.  Readers are referred to the specific risk factors relating to and affecting Aecon's business and operations as filed by Aecon pursuant to applicable securities laws.  Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Aecon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.       

SOURCE Aecon Group Inc.

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