Aecon consortium reaches commercial close on target price transit project

Group 1 - Aecon Group Inc. has completed the collaborative development phase and reached commercial close on a progressive design-build transit project [1] - The implementation phase will commence under a target price contract, with Aecon's share of the contract valued at over $2.8 billion [1] - This contract will be added to Aecon's Construction segment backlog in the first quarter of 2025 [1] Group 2 - Aecon Group Inc. is a North American construction and infrastructure development company with global experience [2] - The company provides integrated solutions to private and public-sector clients through its Construction segment in various sectors including Civil, Urban Transportation, Nuclear, Utility, and Industrial [2] - Aecon also offers project development, financing, investment, management, and operations and maintenance services through its Concessions segment [2]