Aecon consortium selected to redevelop the Cyril E. King Airport and Henry E. Rohlsen Airport in the U.S. Virgin Islands
27 3월 2024 - 6:46AM
Aecon Group Inc. (TSX: ARE) (“Aecon”) announced today that VIports
Partners (“VIports”), an Aecon-led consortium, has been selected by
the U.S. Virgin Islands Port Authority (“VIPA”) to redevelop the
Cyril E. King Airport in St. Thomas and the Henry E. Rohlsen
Airport in St. Croix under a collaborative Design, Build, Finance,
Operate and Maintain (“DBFOM”) Public-Private Partnership model.
VIports is comprised of Aecon, Tikehau Star
Infra, Consigli Benton Joint Venture (J. Benton Construction) and
Avports. Aecon Concessions will hold a 50% equity interest in the
40-year concession with Tikehau Star Infra also holding 50% of the
equity. Aecon, as Design-Build lead, will also have a 50% interest
in the Design-Build joint venture together with local partner J.
Benton Construction. Avports will serve as the operations and
maintenance partner.
Under a transition phase agreement, VIports and
VIPA will negotiate and finalize various elements of the project
over a nine-month period. Upon successful completion of the
transition phase, financial close is expected in the first quarter
of 2025.
“We are pleased to be selected for this
transformational project, bringing our experience delivering
airports globally and our team’s comprehensive expertise to the
full project lifecycle,” said Jean-Louis Servranckx, President and
Chief Executive Officer, Aecon Group Inc. “As we continue to pursue
select international projects, this project aligns perfectly with
Aecon’s purpose – building what matters to enable future
generations to thrive.”
“We are proud to provide a strong value
proposition to clients around the world, offering tailor-made
solutions to deliver critical infrastructure, while prioritizing
local economic, social and community benefits,” said Steve Nackan,
Executive Vice President and President, Aecon Concessions. “This
historic project for the U.S. Virgin Islands (“USVI”) will
significantly improve service levels and capacity, modernize
amenities and passenger experience, and enhance the resiliency and
sustainability of the airports. We look forward to delivering this
project with our valued client and world-class partners, driven by
a shared commitment to delivering a lasting legacy for USVI through
this landmark project.”
Further information about the project is
available on the VIPA project website.
About Aecon
Aecon Group Inc. (TSX: ARE) is a North American
construction and infrastructure development company with global
experience. Aecon delivers integrated solutions to private and
public-sector clients through its Construction segment in the
Civil, Urban Transportation, Nuclear, Utility and Industrial
sectors, and provides project development, financing, investment,
management, and operations and maintenance services through its
Concessions segment. Join our online community on X, LinkedIn,
Facebook, and Instagram @AeconGroupInc.
Statement on Forward-Looking
Information
The information in this press release includes
certain forward-looking statements. These forward-looking
statements are based on currently available competitive, financial
and economic data and operating plans but are subject to risks and
uncertainties. In addition to events beyond Aecon’s control, there
are factors which could cause actual or future results, performance
or achievements to differ materially from those expressed or
inferred herein, as discussed in greater detail in Section 13 –
“Risk Factors” in the Management’s Discussion and Analysis filed on
March 5, 2024, available through SEDAR+ (www.sedarplus.ca). Except
as required by applicable securities laws, forward-looking
statements speak only as of the date on which they are made and
Aecon undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise, except as required by applicable
law.
For further information:
Adam BorgattiSVP, Corporate Development and Investor
Relations416-297-2600ir@aecon.com
Nicole CourtVice President, Corporate
Affairs416-297-2600corpaffairs@aecon.com
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