Bullboard - Stock Discussion Forum Aecon Group Inc T.ARE

Alternate Symbol(s): AEGXF

Industrials Conglomerates

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... see more

Add To Watchlist

TSX:ARE - Post Discussion

Aecon Group Inc > $30 Billion in Federal Transit Funding

View:

Post by Kupotea on Jul 18, 2024 6:17am

$30 Billion in Federal Transit Funding

The government of Canada started taking applicatoons yesterday on transit related projects committing $30B in funding over 10 years: https://www.canada.ca/en/office-infrastructure/news/2024/07/backgrounder-federal-government-launches-the-canada-public-transit-fund-investing-in-public-transit-needs-across-canada.html

"Funding will support diverse projects, both from planning and feasibility studies to major and capital expansion projects, based on priorities identified in an Integrated Regional Plan."

If this doesn't get you excited as a long term shareholder what will. I bet the Eglinton East LRT extension is one of the first projects approved.

168

Comment

Comment by LComrade on Jul 18, 2024 11:11pm

Yes and i am hopeful the contract structure will not expose parties to the types of losses taken by Aecon on these LSTKs. I think the industry has gotten wise.

Comment