Sep 3 2010
Aecon Group Inc. (TSX:ARE) announced today that its Infrastructure division has been awarded a $32.9 million contract by the Ontario Ministry of Transportation (MTO) to expand Highway 11, near North Bay, Ontario.
Under the contract, Aecon will complete a four-lane 24.2 km expansion of Highway 11 beginning 3.5 km south of Highway 124 at Sundridge, and ending 8.3 km north of Ottawa Avenue at South River. Work on the project includes grading, drainage, illumination and paving. Construction has already begun and is expected to be complete by September, 2011.
Between 2006 and 2008, Aecon completed a $54 million MTO contract with Leo Alarie and Sons for the new alignment of Highway 11 at Burk's Falls, near Huntsville. In the last ten years, Aecon has completed five major projects on Highway 11 for the MTO valued at over $175 million, with three as a joint venture partner with Leo Alarie and Sons.
"It is projects like this one that demonstrate Aecon's collective expertise in highway construction, as well as our long-time client's trust in what we build," said Teri McKibbon, CEO of Aecon's Infrastructure Group. "We are thrilled to continue to work with the MTO on such an important northern development project."
Source: http://www.aecon.com/