Aecon consortium identified as First Negotiations Proponent for the Eglinton Crosstown West Extension Advance Tunnel project in Toronto

TORONTO, March 5, 2021 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that West End Connectors, a consortium comprised of Aecon (40%), Dragados Canada Inc. (40%) and Ghella (20%), has been identified by Infrastructure Ontario (IO) and Metrolinx as the First Negotiations Proponent (FNP) to design, build and finance the Eglinton Crosstown West Extension (ECWE) Advance Tunnel project in Toronto. Identification of the FNP is the first step in the negotiations process. Upon successful conclusion of this process, West End Connectors would proceed towards Financial Close in the second quarter of 2021. "Aecon is proud to bring our industry leading heavy civil expertise combined with our capabilities in successfully building world-class urban transportation systems to deliver this critical infrastructure," said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. "We look forward to working with Infrastructure Ontario, Metrolinx and our partners on this important extension to Toronto's transit system." About Aecon