Mr. Jean-Louis Servranckx reports

AECON CONSORTIUM SELECTED AS PREFERRED PROPONENT FOR THE STATIONS CONTRACT ON THE SURREY LANGLEY SKYTRAIN PROJECT

South Fraser Station Partners, a consortium composed of Aecon Group Inc., Acciona and Pomerleau, in which Aecon holds a 33.3-per-cent interest, has been selected by the Province of British Columbia as the preferred proponent for the stations contract on the Surrey/Langley SkyTrain project.

The project includes the design and construction of eight stations, three transit exchanges, nine power substations and 250 metres of guideway at the SkyTrain's terminus station. Financial close is expected in the second quarter of 2024.

"Aecon looks forward to working with our client and partners to provide a more sustainable transit option for one of the fastest-growing areas in metro Vancouver," said Jean-Louis Servranckx, president and chief executive officer, Aecon. "Aecon is proud to bring its experience building large-scale transit infrastructure to help deliver this essential project."

About Aecon Group Inc.

Aecon (Toronto Stock Exchange: 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.

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