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Aecon Group Inc.

10:04 AM EST - Aecon Group Inc. : announced that a joint venture in which its Infrastructure Division is participating has been awarded a project with Metro Vancouver for the construction of a Water Supply Tunnel under the Fraser River in Greater Vancouver, British Columbia. Under the contract, the Joint Venture, in which Aecon is a 40% partner, will sink two shafts and excavate 1,000 metres of EPB (earth pressure balanced) tunnel with precast segmental lining under the Fraser River from Surrey to Coquitlam. Work on the project which also includes the set up of two shaft sites, installation of welded steel pipe lining and construction of two valve chambers will begin immediately. Completion is expected in the summer of 2014. Aecon Group Inc. shares T.ARE are trading up $0.03 at $8.87.