MISSISSAUGA, ON, April 28,
2022 /CNW/ - Bird Construction Inc. ("Bird") is
pleased to announce that it has been selected as a successful
proponent for the Port Hope Area Initiative ("PHAI") Master
Construction Contract ("MCC") by Canadian Nuclear Laboratories
("CNL").
Bird has been selected as one of three successful proponents to
deliver environmental remediation services for the
PHAI, considered one of Canada's largest environmental remediation
projects. The PHAI MCC is expected to span the life of the
project. There is close to one billion
dollars in remediation work to be completed under the MCC,
where Bird, as one of the three proponents will have the
opportunity to bid on work packages.
"I am very pleased with the continued growth of Bird's
relationship with CNL and the opportunities emerging for our
industrial team in Ontario,
strengthening Bird's top-line growth potential," said Teri McKibbon, President and CEO of Bird. "Our
expanding self-perform capabilities and strong civil and earthworks
experience, position Bird to benefit from the large volume of work
accessible under the PHAI as well as in the longer term from the
expected substantial future spend for decommissioning and
remediation of nuclear facilities. The significant volume of work
combined with the MCC structure provides good revenue visibility
and supports Bird's drive to generate strong profitability over the
coming years."
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.