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- - two contracts total $132 million - -

Toronto, ON – October 20, 2011: Aecon Group Inc. (TSX:ARE) announced today that its Industrial West Division has been awarded two contracts totaling $132 million for fabrication and module assembly work for a large SAGD (steam assisted gravity drainage) oilsands project near Fort McMurray, Alberta. 

The first contract involves the fabrication of pipe spools and assembly of 90 wellpad modules for the project.  Under the second contract, Aecon will undertake all the off-module fabrication for the project’s plant facility.

Fabrication work will begin in November at Aecon’s fabrication facilities in Sherwood Park, Alberta, with completion of the work scheduled for the fall of 2013.  Over the course of the project, fabrication work will be carried out at both of Aecon’s Sherwood Park facilities as well as some or all of its facilities in Cambridge, Ontario, Brantford, Ontario, Dartmouth, Nova Scotia, and Pictou, Nova Scotia.  

“Aecon’s substantial fabrication capacity, including our ability to efficiently utilize a number of facilities across the country, is a significant advantage when undertaking projects like this,” said Teri McKibbon, Aecon’s Chief Operating Officer.  “This is a major project in the oilsands, and we are pleased to undertake this work.”

Aecon Group Inc. is among Canada’s largest and most diverse construction and infrastructure development companies. Aecon and its subsidiaries provide services to private and public sector clients throughout Canada and on a selected basis internationally. Aecon is pleased to be recognized as one of the Best Employers in Canada.