EDMONTON, May 21 /CNW/ - The Churchill Corporation announces today that Stuart Olson Constructors Inc. has been selected as the lead proponent to construct the Central Utilities Plant ("CUP") Project as part of the current Edmonton International Airport ("EIA") Expansion Program. This project is part of a $1 billion dollar program planned for construction between 2009 and 2012.
Stuart Olson's scope of work for the CUP Project will entail providing construction management services to ensure the adequate installation of mechanical, electrical, storm, sanitary and water services to support the increase capacity associated with the new terminal expansion building and the new control tower.
Pre-construction services are scheduled to begin in Q2 2009 with full turnover of the completed project to the EIA expected in Q3 2011.
"Relationships are important to us, particularly the opportunity to once again work with the Edmonton International Airport Authority. Our Stuart Olson team recently completed the EIA Parkade Expansion and we are pleased to have the opportunity to continue partnering with the EIA on this project," said Jim Houck, President and Chief Executive Officer, The Churchill Corporation. "The Central Utilities Plant is one of the most critical initiatives of the proposed Edmonton International Airport Expansion Program and this project award is an example of our ability to execute on the strategy to grow our social infrastructure backlog."
About The Churchill Corporation:
The Churchill Corporation provides building construction, industrial construction and maintenance services throughout Western Canada. Churchill common shares are listed on the Toronto Stock Exchange under the symbol "CUQ".
FORWARD LOOKING STATEMENTS
Certain statements in this Press Release may constitute "forward-looking statements". Forward-looking statements include, without limitation, statements regarding the future financial position, business strategy, budgets, litigation, projected costs, capital expenditures, financial results, taxes, plans and objectives of the Corporation. Many of these statements can be identified by looking for words such as "believes," "expects," "may," "will," "intends," "anticipates," "estimates," "continues," or the negative thereof, or other variations thereon. Although management of Churchill believes its expectations regarding future performance of the Corporation are based on reasonable assumptions and currently available competitive, financial and economic data, market conditions and operating plans, it can give no assurance its expectations will be achieved. The Corporation cautions that, by their nature, forward-looking statements, involve risks, and uncertainties and that its actual actions, and/or results could differ materially from those expressed or implied in such forward-looking statements, and that the aforementioned risks, uncertainties and actions could affect the extent to which a particular projection materializes. The Corporation assumes no obligation to update the forward-looking statements should circumstances or the Corporation's management's estimates or opinions change.