Aecon partnership recommended for Waterloo Region Light Rail Transit Project

Aecon partnership recommended for Waterloo Region Light Rail Transit Project 
TORONTO, March 3, 2014 /CNW/ - Aecon Group Inc. (TSX: ARE) advised today that 
the GrandLinq consortium has been recommended to the Region of Waterloo 
Council as the preferred proponent for the development of the Region of 
Waterloo Stage 1 Light Rail Transit (LRT) Project. GrandLinq is comprised of: 
Plenary Group, Meridiam, Aecon, Kiewit and Keolis. 
The recommendation, made public in a staff report to the Region of Waterloo 
Council, is scheduled to be discussed at a Planning and Works Committee 
meeting on March 4,( )2014, and Regional Council is anticipated to make a 
decision on the preferred proponent team on March 19, 2014. 
Subject to being approved as preferred proponent through this process, and to 
successful negotiation of relevant contracts, the GrandLinq consortium will be 
responsible for the design, build, finance, operation and maintenance of the 
LRT system. The construction portion of the project consists of a 19 kilometre 
dual track system from Conestoga Mall in Waterloo to Fairview Park Mall in 
Kitchener, as well as 16 LRT stations, and an operations, maintenance and 
storage facility. 
Upon selection and following contractual and financial close, GrandLinq's 
design-build team, a partnership between Aecon and Kiewit, will perform the 
construction portion of the project. Work is anticipated to commence in the 
second quarter of 2014 and is scheduled for completion in 2017. The value of 
Aecon's portion of the construction contract is expected to be approximately 
$250 million. 
"Aecon has a particular strategic focus on developing transit systems and we 
look forward to being a part of the Region's sustainable solution for 
transportation," said Teri McKibbon, Aecon's President and Chief Operating 
Aecon Group Inc. is a Canadian leader in construction and infrastructure 
development providing integrated turnkey services to private and public sector 
clients. Aecon is pleased to be consistently recognized as one of the Best 
Employers in Canada. 
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.  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.  Forward-looking statements may 
include, without limitation, statements regarding the operations, business, 
performance, prospects, 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.  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. 
Vince Borg Senior Vice President, Corporate Affairs Aecon Group Inc. 
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CO: Aecon Group Inc.
ST: Ontario
-0- Mar/03/2014 12:00 GMT
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