Mr. Vince Borg reports

FINANCIAL CLOSE ACHIEVED ON WATERLOO REGION LIGHT RAIL TRANSIT PROJECT

Aecon Group Inc.'s GrandLinq consortium and the Region of Waterloo have achieved financial close on the previously disclosed ION Stage 1 light rail transit (LRT) project. The GrandLinq consortium comprises Plenary Group, Meridiam, Aecon, Kiewit and Keolis. GrandLinq will be responsible for the design, build, finance, operation and maintenance of the LRT system. GrandLinq Contractors, a partnership between Aecon and Kiewit, will perform the design and construction portion of the project. Work is anticipated to commence in the second quarter of 2014 and is scheduled for completion in 2017. As previously disclosed, the value of Aecon's portion of the construction contract is expected to be approximately $250-million.

Financing for the project was arranged by Alberta Treasury Branches as lender and CIBC World Markets Inc. as senior bond underwriter.

"We are pleased to work with our partners to deliver this significant transportation project for the Region," said Teri McKibbon, Aecon's president and chief operating officer.

We seek Safe Harbor.