Aecon consortium reaches commercial close on target price transit project

TORONTO, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon” or the “Company”) announced today that an Aecon-led consortium has completed the collaborative development phase and reached commercial close on a progressive design-build transit project. The implementation phase will now commence under a target price contract. Aecon’s share of the contract is valued at over $2.8 billion and will be added to its Construction segment backlog in the first quarter of 2025.

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