Mr. Jean-Louis Servranckx reports

AECON CONSORTIUM SELECTED AS PREFERRED PROPONENT FOR THE ROBERTS BANK TERMINAL 2 - LANDMASS AND WHARF PROGRESSIVE DESIGN-BUILD PROJECT IN BRITISH COLUMBIA

TerraMarine, an Aecon Group Inc. consortium with FlatironDragados Canada Inc., Van Oord and Carlson Construction Group Inc. in which Aecon holds a 30-per-cent interest, has been selected by the Vancouver Fraser Port Authority as the preferred proponent for the Roberts Bank terminal 2 land mass and wharf progressive design-build project in Delta, B.C.

TerraMarine is expected to sign a design and early works agreement with the Vancouver Fraser Port Authority in the third quarter of 2026. Upon completion of the collaborative development phase, a design-build agreement is anticipated to be executed in the first quarter of 2028 to commence construction, with completion expected in the mid-2030s.

"The Roberts Bank terminal 2 project is a priority nation-building undertaking that will enhance trade resilience, build critical capacity and support economic security, while delivering lasting national and local benefits," said Jean-Louis Servranckx, president and chief executive officer, Aecon Group. "We look forward to expanding our relationship working with the Vancouver Fraser Port Authority alongside our partners under the collaborative design-build model."

"We are proud to bring our extensive civil and marine construction capacity to support the Roberts Bank terminal 2 project, expanding our portfolio of port infrastructure expertise, which includes the ongoing Port of Montreal expansion project in Quebec, and the Kingstown port modernization project delivered in Saint Vincent and the Grenadines," said Thomas Clochard, executive vice-president and chief operating officer, Aecon Group.

The project will increase container capacity at the Port of Vancouver by 30 per cent -- delivering a new three-berth marine container terminal at Canada's largest port and creating 320 acres of new waterfront industrial land. Further project information is available on the Vancouver Fraser Port Authority's website.

About Aecon Group Inc.

Aecon 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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