MONTREAL,
Aug. 12, 2014 /CNW Telbec/ -
SNC-Lavalin (TSX: SNC) has been awarded a five-year contract, with
the possibility of five one-year extension terms exercisable at
Infrastructure Ontario's option, to deliver integrated real estate
solutions projects on behalf of Infrastructure Ontario and its 26
ministry clients.
Over the five-year term, SNC-Lavalin will
deliver approximately $450 million
worth of capital, repair and leasehold improvement projects
throughout the northern part of the province and in Toronto's downtown core. Individual projects
are expected to range in value from $100,000
to $10 million.
SNC-Lavalin has been working with the Government
of Ontario for over 15 years.
During that time, the company has provided integrated facility
(operations and maintenance) and project management services. In
2009, SNC-Lavalin began supplying owner's representative project
management services for capital, repair and leasehold improvement
projects in eastern Ontario.
"This contract reflects the strength of our
relationship with our client, and underscores our ability to
deliver a wide range of projects in occupied and critical
government buildings, some of which are of important historical and
cultural significance to Canada," said Charlie Rate, Executive Vice-President,
Operations & Maintenance, SNC-Lavalin Group Inc.
Founded in 1911, SNC-Lavalin is one of the
leading engineering and construction groups in the world and a
major player in the ownership of infrastructure. From offices in
over 40 countries, SNC-Lavalin's 30,000 employees provide EPC and
EPCM services to clients in a variety of industry sectors,
including mining and metallurgy, oil and gas, environment and
water, infrastructure and clean power. SNC-Lavalin can also combine
these services with its financing and operations and maintenance
capabilities to provide complete end-to-end project solutions.
www.snclavalin.com
SOURCE SNC-Lavalin