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Bird Construction Inc. Announces That It Has Been Selected As Preferred Proponent To Design, Build And Finance The Ontario Provincial Police Modernization Phase 2 Project

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Bird Construction Inc. Announces That It Has Been Selected As Preferred Proponent To Design, Build And Finance The Ontario Provincial Police Modernization Phase 2 Project

Canada NewsWire

LISTING: TORONTO STOCK EXCHANGE
SYMBOL: BDT

MISSISSAUGA, ON, Aug. 8, 2018 /CNW/ - Bird Construction Inc. (Bird) announced today that it has been selected by Infrastructure Ontario, the Ministry of Community Safety & Correctional Services and the Ontario Provincial Police (OPP) as the preferred proponent to design, build and finance nine OPP detachments in nine Ontario communities. Bird will undertake the design and build and will also own the concession responsible for the financing of the project through Bird Capital, a wholly owned subsidiary.

"Bird is pleased to be selected as preferred proponent for the delivery of the OPP Modernization Phase 2 project, continuing our strong relationship with the OPP that was established during the Phase 1 project. The OPP Modernization Phase 2 project further establishes Bird as a leader in multi-site P3 projects across Canada," said Mr. Ian Boyd, President and CEO of Bird.

Each facility features an administration area for support staff and management, an operational area with offices and evidence storage vaults, a secure functions area with holding cells and interview rooms, and a public admittance area.

Bird is expected to reach financial close in summer of this year with construction expected to commence shortly thereafter. At the time of this release, there is no assurance that Bird will receive a contract award related to this project.

This press release contains forward-looking information (as defined in applicable Canadian securities legislation) that involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to materially differ from those expressed or implied by the forward-looking information.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information contact:
I.J. Boyd, President & CEO or
W.R. Gingrich, CFO
Bird Construction Inc.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122

SOURCE Bird Construction Inc.

View original content: http://www.newswire.ca/en/releases/archive/August2018/08/c5692.html

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