Financial close achieved on Waterloo Region Light Rail Transit project

Financial close achieved on Waterloo Region Light Rail Transit project 
TORONTO, May 9, 2014 /CNW/ - Aecon Group Inc. (TSX: ARE) advised today that 
the GrandLinq consortium and the Region of Waterloo have achieved financial 
close on the previously disclosed ION Stage 1 Light Rail Transit (LRT) 
project. The GrandLinq consortium is comprised of: Plenary Group, Meridiam, 
Aecon, Kiewit and Keolis. 
GrandLinq will be responsible for the design, build, finance, operation and 
maintenance of the LRT system. 
GrandLinq Contractors, a partnership between Aecon and Kiewit, will perform 
the design and construction portion of the project. Work is anticipated to 
commence in the second quarter of 2014 and is scheduled for completion in 
2017. As previously disclosed, the value of Aecon's portion of the 
construction contract is expected to be approximately $250 million. 
Financing for the project was arranged by Alberta Treasury Branches as Lender 
and CIBC World Markets Inc., as Senior Bond Underwriter. 
"We are pleased to work with our partners to deliver this significant 
transportation project for the Region," said Teri McKibbon, Aecon's President 
and Chief Operating Officer. 
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- May/09/2014 16:40 GMT
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