November 20, 2009
Aecon Group wins $58.3-million contract for Ontario highway expansion
Aecon Group Inc. has been awarded a $58.3-million contract to expand Highway 69 near Estaire, Ont. Aecon Construction and Materials, the company’s infrastructure division, will work with Timmins, Ont.-based Leo Alarie and Sons, acquired by Aecon in 2007.
This contract is Aecon’s third contract in the past four years from the Ministry of Transportation for construction and/or expansion of Highway 69.
Work on the project has begun and is scheduled to be completed in August 2012.
Under the contract, Aecon will widen Highway 69 from two lanes to four lanes for a stretch of nearly 15 kilometres, starting 14 kilometres north of Highway 64 and continuing north to Estaire.
The project will include the construction of one new interchange at Highway 637, nine concrete drainage culverts, and two new bridges, one of which will serve as a wildlife crossing with fencing to guide the animals.
Aecon Group is Canada’s largest, publicly traded construction and infrastructure development company.
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Reed Construction Data Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
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