LISTING: TORONTO STOCK EXCHANGE
SYMBOL: BDT
TORONTO, May 22, 2015 /CNW/ - Bird Construction Inc.
announced today that it is part of the Chinook Resources Management
Group consortium recently selected as the preferred proponent to
design, build, finance and operate a composting facility for the
City of Calgary. Bird Capital has a 50% interest in the
concession responsible for the design, build, short term financing
and operation of the facility. The construction will be
performed by Nason Contracting Group (a wholly-owned subsidiary of
Bird Construction lnc.) in a 50% joint venture with Maple Reinders
Inc. The facility will process 100,000 wet tonnes per year of
source separated organics and leaf and yard material as well as
approximately 45,500 wet tonnes per year of biosolids.
Elements of the project will achieve LEED gold certification.
The consortium plans to reach financial close in late June of
2015. Construction activity will commence shortly thereafter
with completion by mid 2017. At this time, there can be no
assurances that the consortium will receive a contract award
related to this project.
Mr. Ian Boyd, Bird's President
and CEO, stated that "Bird is very excited to take a lead role at
the concession level of the Chinook consortium. This project
further demonstrates our commitment to the P3 market as both a
design-builder and developer."
In addition, Bird is part of the Two Rivers Lodging Group
recently selected by BC Hydro as the preferred proponent for the
construction of the worker accommodation facility for the Site C
dam site. A contract is expected to be awarded in late summer, with
a limited notice to proceed in advance of the contract
award.
This press release contains forward-looking statements that
involve a number of risks and uncertainties because they relate to
events and depend on circumstances that will occur in the future.
Many factors could cause actual results and developments to
differ materially from those expressed or implied by these
forward-looking statements.
The Toronto Stock Exchange does not accept responsibility for
the adequacy or accuracy of this release.
SOURCE Bird Construction Inc.