Toronto, ON â April 12, 2018: Aecon Group Inc. (TSX: ARE) announced today that NouvLR General Partnership (âNouvLRâ) has finalized a $5 billion contract with CDPQ Infra Inc. (âCDPQ Infraâ), subsidiary of the Caisse de dĂ©pĂŽt et placement du QuĂ©bec, for the engineering, procurement and construction of the RĂ©seau express mĂ©tropolitain (âREMâ). NouvLR is a consortium comprised of: Groupe Aecon QuĂ©bec LtĂ©e, Dragados Canada Inc., EBC Inc., Pomerleau Inc., and SNC-Lavalin Major Projects Inc.
Aeconâs 24 per cent share in the project will add $1.2 billion to backlog in the second quarter of 2018.
The REM is a fully automated, electric light rail transit network that includes 67 kilometres of double tracks, 3.5 kilometres of tunnels, 26 new accessible stations and park-and-ride facilities with associated bus terminals. By integrating into existing public transit networks in Montreal the REM will create a connected transit system linking downtown Montreal, the South Shore, West Island, North Shore and Pierre Elliott Trudeau International Airport. Early works are already underway with construction anticipated to start in the spring of 2018.
âThis critical addition to the Greater MontrĂ©al Area represents another big step in Canadaâs unprecedented transit build-out,â said John M. Beck, President and Chief Executive Officer, Aecon Group Inc. âThis contract illustrates Aeconâs proven reputation delivering first-rate transit solutions and underscores the strong backlog of our Infrastructure segment. Aecon is pleased to work with our valued partners on this historic, world class project that will expand MontrĂ©alâs transit network, reduce commute times and bring communities closer to each other.â
About Aecon
Aecon Group Inc. (TSX: ARE) is a Canadian leader and partner-of-choice in construction and infrastructure development. Aecon provides integrated turnkey services to private and public sector clients in the Infrastructure, Energy and Mining sectors and provides project management, financing and development services through its Concessions segment. For more information, please visit aecon.com and follow us on Twitter at .