Core Points - Aecon Group Inc. has reached financial close on the Yonge North Subway Extension Advance Tunnel project, valued at $1.4 billion, with a 33.3% interest in the consortium North End Connectors [1][2] - Aecon's share of the contract, amounting to $477 million, will be added to its Construction segment backlog in Q3 2025 [1] - The project involves the design and construction of a 6.3-kilometre tunnel segment, including various infrastructure components to extend the TTC's Line 1 subway service by approximately 8 kilometres [2] Company Overview - Aecon Group Inc. is a North American construction and infrastructure development company, providing integrated solutions across various sectors including Civil, Urban Transportation, Nuclear, Utility, and Industrial [5] - The company also offers project development, financing, investment, management, and operations and maintenance services through its Concessions segment [5] Project Impact - The subway extension is expected to enhance transit access for local residents, reduce travel times, and support economic growth in the Greater Toronto Area [3][4] - The project aims to meet the needs of growing populations in communities such as Markham, Vaughan, and Richmond Hill [2][3]