Aecon awarded contract for the Eglinton Crosstown West Extension Elevated Guideway project in Ontario

Press Release

Toronto, Ontario – December 15, 2023: Aecon Group Inc. (TSX: ARE) announced today that it has been awarded a $290 million design-build contract by the Ontario government for the Eglinton Crosstown West Extension (ECWE) project’s Elevated Guideway in Toronto, Ontario. The value of the contract will be added to Aecon’s Construction segment backlog in the fourth quarter of 2023.

The scope of work includes the design and construction of a 1.5-kilometre elevated guideway that will run along the north side of Eglinton Avenue West, from just east of Jane Street to just west of Scarlett Road. Construction is expected to commence in early 2024, with anticipated completion in 2028.

The Elevated Guideway will form a critical part of the 9.2-kilometre extension of the Eglinton Crosstown LRT. The extension will run from Mount Dennis in the east to Renforth Drive in the west, featuring connections to UP Express and Kitchener GO train services, as well as TTC, GO and MiWay bus services.

Aecon will subcontract certain early works to Aecon Six Nations (A6N), a successful Indigenous-owned and operated general partnership between Six Nations of the Grand River Development Corporation (51%) and Aecon (49%). Aecon will also support Metrolinx to explore partnerships with Indigenous-owned businesses during the project.

“We are pleased to expand our role in delivering this critical transit extension that will improve mobility for surrounding communities and decrease travel times for commuters,” said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. “Building on Aecon’s experience executing some of the most complex transit projects in Ontario’s history, we look forward to successfully executing this project while supporting our client in working collaboratively with local and Indigenous communities.”

Join our Team

Aecon is currently recruiting for a wide range of roles to work on dynamic projects across Canada. We’re looking for talented and diverse individuals to help build a sustainable future.
Apply today: aecon.com/careers

For further information:

Adam Borgatti
SVP, Corporate Development and Investor Relations
416-297-2600
ir@aecon.com

Nicole Court
Vice President, Corporate Affairs
416-297-2600
corpaffairs@aecon.com

IBF4