It is part of a consortium that has executed a
contract to design, build, finance, operate and maintain the
residuals treatment facility project for the Capital Regional
District
TSX: BDT
MISSISSAUGA, ON, Feb. 6, 2018 /CNW/ - Bird Construction Inc.
announced today that it, as part of the Hartland Resource
Management Group consortium, executed a contract on February 6, 2018, to design, build, finance,
operate and maintain a residuals treatment facility (the
"Facility") for the Capital Regional District ("CRD"). Bird has a
50% interest in the construction joint venture that will design and
build the project. Bird has also taken a minority equity interest
in the concession responsible for the design, construction,
financing, operations and maintenance of the project through Bird
Capital, a wholly owned subsidiary. On December 12, 2017, the Company had announced that
it was part of the consortium named preferred proponent for the
project. The consortium has since achieved financial close.
The Facility will be located at the Hartland Landfill in
Saanich, British Columbia, and is
part of the CRD's Wastewater Treatment Project. The Facility will
process the residual waste material from the McLoughlin Point
Wastewater Treatment Plant to meet environmental regulatory
requirements. The Facility will have capacity to treat over
fourteen thousand dry tonnes of residuals per year over the 20-year
term of the contract.
Bird expects construction to commence in the spring of 2018. The
Facility is expected to be operational in the winter of 2020.
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.