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