Aecon partnership reaches financial close on the Port of Montreal Expansion in-water works project in Contrecoeur

Core Points - Aecon Group Inc. has reached financial close on a $609 million design-build contract for the Port of Montreal Expansion project, in partnership with Pomerleau [1][3] - The project will enhance terminal capacity, supporting economic growth and international trade [3][4] - Construction is set to begin in 2026 and is expected to be completed by 2030 [2] Summary by Sections Project Overview - The contract involves preparatory work, dredging, and construction of dock infrastructure, quay walls, and auxiliary activities [2] - Aecon's share of the contract will be added to its Construction segment backlog in Q4 2025 [1] Company Statements - Aecon's leadership emphasizes the project's significance for the economy and its role in enhancing infrastructure [3] - The project is seen as a critical step in building a stronger economy and increasing terminal capacity for trade [3] Strategic Importance - The Contrecoeur terminal will solidify the Port of Montreal's status as a major transshipment center in Eastern Canada, connecting to key rail and highway networks [4]