Aecon consortium selected as preferred proponent for the Finch West Light Rail Transit project in Toronto

TORONTO, April 11, 2018 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that Mosaic Transit Group has been selected by Metrolinx and Infrastructure Ontario as preferred proponent for the Finch West Light Rail Transit (LRT) project in Toronto. Mosaic Transit Group is comprised of Aecon, ACS Infrastructure Canada Inc. and CRH Canada Group Inc. Each member of the consortium is an equal partner (33.3 per cent) in the equity and construction of the project, while Aecon and ACS Infrastructure Canada Inc. each have a 50 per cent interest in the 30 year maintenance agreement for the LRT.

Financial Close and the start of construction are expected for the second quarter of 2018.

"Aecon continues to demonstrate proven capabilities to secure and deliver large-scale, complex infrastructure projects. We look forward to working with Metrolinx, Infrastructure Ontario and our partners to execute this world-class project," said John M. Beck, President and Chief Executive Officer, Aecon Group Inc. "The Finch West LRT will be a significant addition to Toronto's transit system and Aecon is pleased to play a key role in connecting communities across the Greater Toronto Area."

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 www.aecon.com and follow us on Twitter at @AeconGroup.

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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.