H413 Aecon will likely be involved in highway 413. It is not clear how the GoO intends to finance this, the mode by which it will be designed, built and operated. It is very likely though to involve the private sector in which case we may be part of the long term concession with Oaktree or its parent company. In turn, this is a slap in the face so to speak to CPPIB and SNC as this will take away business from 407ETR.
SNC dropped yesterday because the market assessed that traffic on the 407 will be impacted. Again, hopefully we are part of the long term concession.