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Aecon Group Inc T.ARE

Alternate Symbol(s):  AEGXF

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.


TSX:ARE - Post by User

Comment by Gabrielon Oct 21, 2024 8:38pm
95 Views
Post# 36275895

RE:US Army awards 657m USD contract to Aecon-Flatiron

RE:US Army awards 657m USD contract to Aecon-FlatironIt's a collaborative mode contract to Flatiron-Aecon.

Kent Reporter (WA) (web site)  
News, Monday, October 21, 2024 561 mots

Army Corps awards $657M Hanson Dam fish passage project along Green River 

Steve Hunter

U.S. Army Corps of Engineers officials awarded a $657 million contract to build a fish passage facility at Howard A. Hanson Dam on the Green River to Flatiron-Aecon Joint Venture. 

Flatiron is based in Colorado with numerous offices, including a Renton location. Aecon is a Toronto, Ontario-based company with numerous offices, including one in Lynnwood. Army Corps officials awarded the contract Oct. 16.

The contract method is innovative and allows collaboration between designers and the contractor during project's design phase, according to an Army Corps press release. 

After design is completed, construction is scheduled to start in 2026 and the facility will be finished in 2030, according to an Army Corps spokesperson in the Seattle District office. 

"We are excited to support salmon and Orca recovery with our tribal partners, federal and state agencies, and our non-federal sponsor Tacoma Public Utilities to ensure completion of this downstream fish passage facility and support the regional water supply," said Col. Kathryn Sanborn, Army Corps Seattle District commander. 

Tacoma Public Utilities has already completed an upstream fish passage facility that is ready for operation. Once the downstream facility is operational, the two facilities will restore the biological connection of the upper watershed (45% of total area) to the lower watershed via salmon migration. 

The project will provide over 100 miles of high-quality river and tributary habitat. The project will increase the ability of Endangered Species Act - listed Chinook salmon to access substantially more spawning and rearing area – 221 square miles of undeveloped watershed, according to the press release. 

Hanson Dam is an earthen dam on the Green River, about 20 miles southeast of Kent. 

Hanson Dam was built to protect the people and infrastructure of the Green River Valley from historical catastrophic flooding, including the cities of Renton, Tukwila, Kent and Auburn. The dam has prevented an estimated $23 billion in flood damage since its completion in 1962, according to the Army Corps. 

The dam includes other benefits such as providing clean drinking water to the people of Tacoma, Kent, Covington, and other areas, fish conservation and ecosystem restoration. Kent's primary water source is the Clark Springs watershed in Ravensdale along the Cedar River. 

The Army Corps initially started to look at building a fish-passage tower along the Green River in the late 1990s to be completed by 2007, according to a previous Kent Reporter article. But bids came in higher than the government estimated and were not awarded. Dollars also became tight because the Corps spent so much money on recovery efforts after Hurricane Katrina struck the Gulf Coast in 2005. 

The Army Corps looked again in 2009 at building a fish passage facility with an estimated cost of $220 million. But that project never received funding and in 2011 was suspended because it exceeded costs, according to the Corps. 

Congress approved funding in 2023 for the current project. 

This will be the second Seattle District fish passage facility to be constructed in recent years in the area. The new Mud Mountain Dam upstream fish passage facility, near Buckley, on the White River, experienced a record-breaking year in 2023. 

"In collaboration with our tribal partners, the Corps of Engineers successfully passed 1.4 million fish in 2023 at the Mud Mountain Dam facility," Sanborn said. 

Copyright 2024 Kent Reporter


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