Aecon Group Inc. (TSE:ARE) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Aecon Group Inc., as part of the South Fraser Station Partners consortium, has reached financial close on a $928 million contract for the Surrey Langley SkyTrain Project, which includes construction of eight stations and associated infrastructure, with work set to begin in late 2024. The project, aimed at boosting mobility in one of Metro Vancouver’s fastest-growing areas, is expected to be substantially completed by 2029.
For further insights into TSE:ARE stock, check out TipRanks’ Stock Analysis page.