Aecon awarded $93 million in energy backlog plus $85 million in annual recurring revenue
TORONTO, April 14, 2015 - Aecon Group Inc. (TSX:ARE.TO ) announced today that it has been awarded contracts by five key clients for work in Aecon's Energy segment in Ontario. The value of work is approximately $93 million in hard backlog and approximately $85 million in annual recurring revenue.
Under the first agreement, Enbridge Gas Distribution awarded Aecon a significant pipeline facilities project for work at 11 Enbridge sites, valued at approximately $40 million. Work has begun and is expected to be complete in the third quarter of 2015.
- Published: 14 April 2015
- Written by Editor