Aecon partnership finalizes contract for Site C generating station and spillways civil works

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Aecon partnership finalizes contract for Site C generating station and spillways civil works

Canada NewsWire

TORONTO, March 16, 2018 /CNW/ - A partnership between Aecon, Flatiron Constructors Canada Limited, Dragados Canada, Inc., and EBC Inc. (AFDE Partnership) has signed the contract with BC Hydro for the Site C Generating Station and Spillways (GSS) Civil Works.

Valued at $1.6 billion, the GSS Civil Works is one of the largest contracts to be awarded for the Site C Project – a hydroelectric dam and generating station under construction on the Peace River in northeast British Columbia. Aecon is Managing Partner of the consortium and holds a 30 per cent share of the partnership, which was previously selected as preferred proponent for the project.

AFDE Partnership's scope of work includes the delivery of civil works associated with the powerhouse, penstocks, spillways and power intakes, plus related ancillary construction work.

The project will include the placement of approximately 700,000 cubic meters of mass and reinforced concrete, 34,000 tonnes of rebar, and over 11,000 tonnes of steel. The powerhouse will contain six generators with a combined capacity of 1,100 megawatts, with corresponding intake structures connected to the powerhouse via 80 m-long 10-m diameter penstocks.

AFDE Partnership has signed a Project Labour Agreement for this work with the International Union of Operating Engineers (IUOE) Local 115, the Construction and Specialized Workers Union (CSWU) Local 1611 and the Construction Maintenance and Allied Workers (CMAW).

As part of this agreement, AFDE Partnership has committed to prioritize hiring locally and within British Columbia, as well as providing opportunities for apprentices. This includes a goal of up to 25 per cent apprenticeships on the project. There are also targets for Indigenous apprentices and employment.

Construction is expected to begin in the spring of 2018, with work expected to be completed in early 2023. At the peak of construction in 2021, there will be approximately 1,600 people working on the GSS civil works. AFDE Partnership will work with local, regional, and Indigenous businesses on supplier and subcontracting opportunities.

"The award of this project demonstrates the strong and diverse backlog of Aecon's Infrastructure segment," said John M. Beck, President and Chief Executive Officer, Aecon Group Inc. "We are pleased to once again work with our esteemed client BC Hydro and look forward to delivering this vital hydroelectric infrastructure with our valued partners."

"With Aecon's work nearing completion on BC Hydro's John Hart Generating Station project, we look forward to leveraging our seasoned capabilities to execute the Site C generating station and spillways civil works," said Mark Rivett, Executive Vice President, Aecon Infrastructure.

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 @AeconGroup.

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.  Forward-looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, 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. 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.  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.

View original content: http://www.newswire.ca/en/releases/archive/March2018/16/c7110.html

Copyright CNW Group 2018

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