CALGARY, Nov. 5, 2013 /CNW/ - The Churchill Corporation (TSX: CUQ, CUQ.DB) ("Churchill" or the "Corporation") today announced that Stuart Olson
Dominion Construction Ltd. ("Stuart Olson Dominion"), Churchill's
General Contracting segment, has been selected as the construction
manager for the $150 million New Central Library in downtown Calgary.
The library will be an iconic landmark in revitalizing the East Village
neighbourhood and will involve a variety of technical complexities. The
Light Rail Transit (LRT) line passes through the building site,
requiring that an encapsulation structure be built around the active
LRT before construction of the main building can begin. The library
building will then sit above this structure with the LRT remaining
fully operational throughout each building phase. Construction of the
encapsulation structure is scheduled to start in April 2014 with the
main building starting construction in September 2015 and opening to
the public in 2018.
"We look forward to building this important project on behalf of the
Calgary Municipal Land Corporation," said David LeMay, Churchill
President and CEO. "The new library will be a multi-faceted family
destination and gathering place that supports the entire Calgary
community."
About The Churchill Corporation
The Churchill Corporation provides building construction, commercial and
industrial electrical contracting, earthmoving and industrial
insulation services to an array of public and private sector clients.
Churchill operates office locations throughout British Columbia,
Alberta, Saskatchewan, Manitoba and Ontario. Churchill common shares
and convertible debentures are listed on the Toronto Stock Exchange
under the symbols "CUQ" and "CUQ.DB", respectively. www.churchillcorporation.com
Forward Looking Information
This press release contains certain statements that may constitute
forward-looking information within the meaning of applicable securities
laws. This forward-looking information includes, without limitation,
statements pertaining to the project construction schedule. Often, but
not always, forward-looking information can be identified by the use of
such words as "may", "will", "expect", "believe", "plan", "intend",
"estimate", "outlook", "forecast", "should", "anticipate" and other
similar terminology, including statements concerning possible or
assumed future results. Forward-looking information is based on
management's reasonable assumptions, analysis and estimates in respect
of its experience and perception of trends, current economic
conditions, government policies and expected developments, as well as
other material factors that it considers to be relevant at the time of
making such statements.
By its nature, forward-looking information involves known and unknown
risks and uncertainties, which give rise to the possibility that
management's assumptions, analysis and estimates will be incorrect and
that the Corporation's anticipated results will not be achieved.
Although the Corporation believes that the statements with respect to
forward-looking information are reasonable and current, such statements
should not be interpreted as a guarantee of future performance or
results, and will not necessarily be an accurate indication of whether
or not such results will be achieved. Forward-looking information is
necessarily subject to a number of factors that may cause actual
results to differ materially from those results implied by the
expectations suggested by such information. Those factors include,
without limitation, the risks and uncertainties described in the
Corporation's Annual Information Form filed with the securities
regulatory authorities in Canada under the Corporation's profile at www.sedar.com. Readers are encouraged to consider the foregoing risks and other
factors carefully when evaluating the forward-looking information and
are cautioned not to place undue reliance upon such information when
making investment decisions.
The forward-looking information in this press release is current to the
date hereof, and is subject to change following such date. While the
Corporation may elect to do so, unless required by applicable law, it
undertakes no obligation to update this information to reflect new
information or circumstances at any particular time.
SOURCE The Churchill Corporation