Aecon Completes Financial Close on SkyTrain Project
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Aecon Consortium Reaches Financial Close for SkyTrain Project
TORONTO — Aecon Group Inc. (TSX: ARE) (“Aecon” or the “Company”) announced that South Fraser Station Partners, a consortium comprised of Aecon, ACCIONA and Pomerleau, in which Aecon holds a 33.3% interest, has reached financial close for the stations contract on the Surrey Langley SkyTrain Project. The contract is valued at $928 million, and Aecon’s share of the contract was added to its Construction segment backlog.
The Surrey Langley SkyTrain will extend the existing Expo Line along Fraser Highway from King George Station to a new terminus station in Langley City Centre. The project includes the design and construction of eight stations, three transit exchanges, nine power substations, and 250 metres of guideway at the SkyTrain’s terminus station. Certain early works are underway, and construction is expected to commence soon, with anticipated substantial completion in 2029.
“We look forward to working with the Province of BC and our partners to deliver this critical transit extension – improving mobility for one of the fastest growing areas in Metro Vancouver,” said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. “The stations contract is a significant component of the Surrey Langley SkyTrain Project, and we are proud to bring our expertise in delivering complex transit projects to build sustainable infrastructure that meets the needs of future generations.”
About Aecon
Aecon Group Inc. (TSX: ARE) is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @AeconGroupInc.
Frequently Asked Questions
What is the Surrey Langley SkyTrain Project?
The Surrey Langley SkyTrain Project involves extending the Expo Line from King George Station to Langley City Centre, including the construction of eight stations.
Who is involved in the project consortium?
The consortium includes Aecon, ACCIONA, and Pomerleau, with Aecon holding a 33.3% interest.
What is the value of the contract?
The contract for the stations on the Surrey Langley SkyTrain Project is valued at $928 million.
When will construction start?
Construction is expected to commence soon, with substantial completion anticipated in 2029.
How can I contact Aecon for more information?
You can contact Adam Borgatti at 416-297-2600 or via email at ir@aecon.com, or Nicole Court at 416-297-2600 or via email at corpaffairs@aecon.com.
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