TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) ('Aecon” or the 'Company”) announced today that Red River Biosolids Partners General Partnership, a consortium comprised of Aecon, Oscar Renda Contracting of Canada Inc., a subsidiary of Southland Holdings, Inc. (NYSE American: SLND) and MWH Constructors Canada Ltd. in which Aecon is the lead partner and holds a 33.3% interest, has executed a contract with the City of Winnipeg to deliver the Winnipeg North End Sewage Treatment Plant ('NEWPCC”) Biosolids Facilities Upgrade project under a Progressive Design-Build contract model.

The collaborative project begins with a development phase contract valued at $95 million to advance design and finalize the scope and cost of various elements of the project. Aecon's share of the development phase contract will be added to its Construction segment backlog in the third quarter of 2024. Upon successful completion of this phase, the implementation phase will begin to finalize the design and execute construction, with substantial completion expected in 2030.