MISSISSAUGA, ON, Nov. 3, 2022
/CNW/ - Bird Construction Inc. (TSX: BDT) announced today that it
has received a limited notice to proceed with early work
(pre-mobilization) for a strategically important multi-year task
order under the previously announced Port Hope Area Initiative
("PHAI") Master Construction Contract ("MCC") by Canadian Nuclear
Laboratories ("CNL") for an undisclosed amount.
The work involves the remediation of approximately 400 sites in
the municipality of Port Hope. The
overarching MCC includes close to one
billion dollars in remediation work, where Bird has the
opportunity to bid on multiple work packages.
"We are focused on building a strong working relationship with
our client and the community as we undertake this important
environmental remediation work," said Teri
McKibbon, President and CEO of Bird. "The multi-year nature
of the task order and significant volume of work required under the
MCC supports Bird's strategy to grow our recurring revenue streams
in future years. Notably, this contract expands our recurring
revenue streams in the energy sector, driving continued
diversification and top-line growth potential for our industrial
portfolio in Ontario."
This press release contains forward-looking information (as
defined in applicable Canadian securities legislation) that
involves known and unknown risks, uncertainties and other factors
which may cause actual results, performance, or achievements to
materially differ from those expressed or implied by the
forward-looking information.
The Toronto Stock Exchange does not accept responsibility for
the adequacy or accuracy of this release.
For further information
contact:
T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Bird Construction Inc.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122
About Bird Construction
Bird (TSX: BDT) is a leading Canadian construction company
operating from coast-to-coast and servicing all of Canada's major markets. Bird provides a
comprehensive range of construction services from new construction
for industrial, commercial, institutional, and civil infrastructure
markets; to industrial maintenance, repair and operations services,
heavy civil construction, and mine support services; as well as
vertical infrastructure including, electrical, mechanical, and
specialty trades. For over 100 years, Bird has been a
people-focused company with an unwavering commitment to safety and
a high level of service that provides long-term value for all
stakeholders. www.bird.ca
SOURCE Bird Construction Inc.