November 16, 2009

Aecon Group awarded Suncor Energy's Firebag 3 plant construction contract

TORONTO

Aecon Group Inc. says its industrial division has been awarded a contract to complete field construction of Suncor Energy's Firebag 3 plant in the oilsands near Fort McMurray, Alta.

Lockerbie & Hole Industrial, a division of Aecon Lockerbie Industrial, is responsible for the contract, which will have a maximum workforce of 600 people.

Suncor's Firebag project was half complete when it was deferred earlier this year.

While a price tag was not disclosed, Aecon said the project includes certain lump sum elements like the completion of piping, electrical and insulation work for the plant.

Work is scheduled to start in January and is expected to wrap up by the end of the third quarter in 2010.

"This contract is one of the largest in the history of the industrial group, and signifies for us that work in the oilsands is beginning to ramp-up once again," said Paul Koenderman, Aecon's executive vice president.

Toronto-based Aecon, which employed more than 4,500 people at the end of 2008, is involved in most sectors of the construction business, from highway repair, bridges and sewers to airports, industrial and office buildings and schools.

-Canadian Press

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