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Infrastructure Demand Rises

By ReNew Canada 08:53AM October 30, 2008

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Aecon Group Inc. (TSX: ARE)is reporting its best quarter ever. The publicly traded construction and infrastructure development company reported third quarter revenues of $535 million, a 24 per cent increase from last year, as increases in the Infrastructure, Industrial and Concessions segments offset a small decline in the Buildings segment.

“The fundamental need to upgrade Canada’s transportation, energy and
social infrastructure is as real today as it has ever been, notwithstanding
the current economic instability,” said John M. Beck, Chairman and CEO, Aecon
Group Inc.

Beck’s optimism reflects the positive attitude many industry insiders seem to have, even in the face of economic uncertainty. For more insight on the credit crunch’s affect on public-private-partnerships, infrastructure funds and economic development, look for our upcoming November/December “Money Issue.”

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