TMX group TMXmoney

SNC-Lavalin Group Inc. (SNC)
Exchange: Toronto Stock Exchange
$42.070
May 23, 2013, 7:12 AM EDT
Change: -0.26 (-0.61%)
Volume: 453,645

Day Low
41.850
Day High
43.240
34.360
49.850
SNC-Lavalin awarded contract to design and build a section of Winnipeg's CentrePort Canada Way

MONTREAL, June 18, 2010 /CNW Telbec/ - SNC-Lavalin is pleased to announce that it has been awarded an engineering, procurement, construction (EPC) contract by Manitoba Infrastructure and Transportation to design and build a four-lane, four-kilometre section of a divided expressway linking Winnipeg's inland port to the James A. Richardson International Airport and the Perimeter Highway.

The $142-million contract is part of the development of CentrePort Canada Way, a new 10 km corridor that will run through 20,000 acres of industrial land in Northwest Winnipeg. The contract includes the design and construction of a system interchange, three grade separations, two major box culverts, four-kilometres of new embankment fill and four-kilometres of new concrete pavement.

"This is an essential link in the creation of Winnipeg's inland port and we look forward to working with CentrePort Canada and the Province of Manitoba," said Jim Burke, Executive Vice-President, SNC-Lavalin Group. "SNC-Lavalin is a Canadian leader in highway construction and CentrePort Canada Way will provide a high-speed transportation corridor that will enable the efficient movement of goods between Northwest Winnipeg's intermodal and distribution facilities."

Construction is underway and SNC-Lavalin's EPC work is expected to be completed in 2012. The expressway is scheduled to be open in 2014.

SNC-Lavalin (TSX:SNC) is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. SNC-Lavalin has offices across Canada and in over 35 other countries around the world, and is currently working in some 100 countries. www.snclavalin.com.

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges.
Market Data powered by QuoteMedia. See the QuoteMedia and TMX Group Terms of Use.