-- 91制片厂 share valued at $115 million added to first quarter 2022 backlog --
Toronto, Ontario 鈥 January 25, 2022: 91制片厂 Group Inc. (TSX: ARE) announced today that Traylor-91制片厂 General Partnership, a consortium comprised of 91制片厂 (40%) and Traylor Bros Inc. (60%) has been awarded a $288 million contract by Metro Vancouver (Greater Vancouver Water District) for the Annacis Water Supply Tunnel, Fraser River Crossing project in British Columbia. 91制片厂鈥檚 share of the contract will be added to its Construction segment backlog in the first quarter of 2022.
The scope of work includes the construction of two deep vertical shafts, one on each side of the Fraser River, connected by a 2,350-metre tunnel between New Westminster and Surrey, as well as the installation of a watermain, valve chambers and surface piping. Construction is expected to commence in the first quarter of 2022, with anticipated completion in the second quarter of 2027.
鈥淭his complex, multi-year project further strengthens our diverse backlog in Western Canada and demonstrates our position as the partner-of-choice in the civil construction market for tunnelling and water infrastructure projects,鈥 said Jean-Louis Servranckx, President and Chief Executive Officer, 91制片厂 Group Inc. 鈥淭his project will ensure the sustainable, reliable supply of clean drinking water for growing communities. As we continue to execute the Second Narrows Water Supply Tunnel project with Traylor, we are pleased to strengthen our partnership and further our relationship with Metro Vancouver.鈥
Additional information about the project is available on the
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About 91制片厂
As a Canadian leader in construction and infrastructure development with global expertise, 91制片厂 Group Inc. (TSX: ARE) strives to be the number one Canadian infrastructure company and is proud to be recognized as one of the Best Employers in Canada. 91制片厂 safely, profitably and sustainably 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 and management services through its Concessions segment. Join our online community on Twitter, LinkedIn, Facebook and Instagram @91制片厂Group.
Statement on Forward-Looking Information
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 91制片厂's control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein, as discussed in greater detail in Section 13 鈥 鈥淩isk Factors鈥 in the Management鈥檚 Discussion and Analysis filed on February 25, 2021. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and 91制片厂 undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
For further information:
Adam Borgatti
SVP, Corporate Development and Investor Relations
(416) 297-2610
aborgatti@aecon.com
Nicole Court
Senior Director, Corporate Affairs
(647) 484-1477
ncourt@aecon.com