Aecon reaches financial close on design-build contract

Executive Summary

• Aecon Group Inc., through its Contrecoeur Terminal Constructors General Partnership, has reached financial close on a $609 million design‑build contract with the Montreal Port Authority for the Port of Montreal expansion in‑water works project.
• The contract will be added to Aecon’s construction segment backlog in Q4 2025; preparatory work begins now, construction is slated for 2026–2030.
• The project expands terminal capacity at Canada’s largest Eastern port, supporting economic growth and international trade.

Key Details

• Partnership composition: Contrecoeur Terminal Constructors General Partnership – Aecon Group Inc. (40 %) and Pomerleau (60 %).
• Contract value: $609 million (design‑build).
• Financial close date: Completed as of the announcement; will be recorded in Aecon’s construction backlog in Q4 2025.
• Scope of work: Preparatory activities, dredging, construction of dock infrastructure, quay walls, return walls, and auxiliary works.
• Project timeline: Preparatory work commencing immediately; full construction expected to start in 2026 and be completed by 2030.
• Strategic impact: Enhances the Port of Montreal’s container handling capacity, reinforcing its role as a major transshipment hub in Eastern Canada and linking to key rail and highway networks.
• Quotes:
• “Aecon is proud to be playing a key role… delivering the Port of Montreal expansion – a major project that is leading the way in building a stronger economy.” – Jean‑Louis Servranckx, President & CEO, Aecon Group.
• “We are pleased to advance to the construction phase of this nation‑building project…” – Thomas Clochard, EVP & COO, Aecon Group.

Notable Quotes

• “Reaching financial close on the in‑water works contract demonstrates the successful collaboration achieved during the development phase.” – Jean‑Louis Servranckx
• “The terminal will support economic growth and international trade by providing increased terminal capacity.” – Thomas Clochard