Urban Infra receives Ont. concrete, drainage contract

Executive Summary

• Urban Infrastructure Group Inc. (UIG) has been awarded a new contract to provide concrete and drainage services for 100 additional new homes in Kitchener, Ontario, with work slated to begin next month and finish in roughly six months.
• The award follows a recent win for a 200‑home project in Milton, Ontario, highlighting continued demand for UIG’s services despite challenging market conditions.
• Management cites the contract as evidence of UIG’s capability to support large‑scale residential developments and its role in addressing Ontario’s housing supply‑demand imbalance.

Key Details

• Contract Scope: Concrete and drainage work for 100 new residential units in Kitchener, ON.
• Start Date & Duration: Work to commence next month; expected completion within approximately six months.
• Competitive Process: Awarded after a highly competitive bid process despite difficult industry and economic conditions in Ontario.
• Recent Related Win: Previously announced a 200‑unit new‑home project in Milton, ON (announced late August), with construction already underway.
• Strategic Significance: Demonstrates UIG’s expertise in Stage 1 infrastructure for large master‑planned communities and reinforces its growth trajectory in key Ontario markets.
• Management Comment: CEO Gary Alves emphasized the contract’s importance to quality delivery, sustainable community development, and addressing the residential supply‑demand gap.

Notable Quotes

“We are pleased to partner on the Kitchner development,” said Gary Alves, chief executive officer. “The awarding of this contract further recognizes UIG's commitment to quality and efficient delivery of concrete and drainage solutions essential for sustainable communities…UIG is committed to being part of the long‑term solution.”