LISTING: TORONTO STOCK EXCHANGE
SYMBOL: BDT
VANCOUVER, May 6, 2016 /CNW/ - LNG Canada is beginning
engineering and planning work on Cedar Valley Lodge, its Workforce Accommodation Centre to house a 4,500 person workforce required
during construction of its proposed liquefaction and export facility in Kitimat, British
Columbia.
LNG Canada selected the Bird-Civeo Joint Venture as the contractor for the design and construction of the Centre. The Bird-Civeo
Joint Venture includes wholly-owned subsidiaries of each of Bird Construction Inc., ("Bird") (TSX:BDT), and Civeo Corporation
("Civeo") (NYSE:CVEO).
Construction on Cedar Valley Lodge will not commence unless LNG Canada's joint venture participants have made a positive Final
Investment Decision. In the interim, Bird-Civeo will advance engineering and planning work for the Centre.
Cedar Valley Lodge will provide a place for workers to live and work during the time they are employed on the LNG Canada
project. LNG Canada wants to ensure the Centre provides the amenities workers will need – from accommodation and dining, to leisure
to healthcare – to reduce any stress on Kitimat's local housing, infrastructure and other
services.
Cedar Valley Lodge will be located adjacent to the LNG Canada site, facilitating easy and safe transportation of workers by
shuttle bus service between Cedar Valley Lodge and the site, and reducing vehicle traffic on Kitimat roads. The size and scale of
the Lodge will be significant with a total floor space of over 1.2 million square feet. This includes a number of core
buildings at over 260,000 square feet with a kitchen and dining area of almost 80,000 square feet, entertainment areas of almost
35,000 square feet, and a sports and recreational facility of over 56,000 square feet. Final actual numbers may vary as the
conceptual design progresses through detailed engineering.
A well-designed, attractive and sustainable Workforce Accommodation Centre is an important tool in recruiting and retaining
skilled workers, because for many, Cedar Valley Lodge could become home for a number of years. Cedar Valley Lodge will provide
single, standard executive rooms, each with its own washroom, and upgraded finishes and fixtures.
Construction of Cedar Valley Lodge will commence immediately following a positive Final Investment Decision.
While this is an important step forward for LNG Canada, the project must continue to demonstrate that it is competitive, it has
key regulatory permits, and has mitigated the risk of labour shortage prior to making a final investment decision. LNG Canada's
Joint Venture Participants plan to make a final investment decision in late 2016. The exact timing of that decision will be up to
the Joint Venture Participants to make.
This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate
to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to
differ materially from those expressed or implied by these forward-looking statements.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Bird Construction Inc.
