Bird Construction Inc. Announces That It Is Part of a Consortium Selected as Preferred Proponent to Design, Build, Finance, O...

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MISSISSAUGA, ON, Dec. 12, 2017 /CNW/ - Bird Construction Inc. ("Bird") announced today that it is part of the Hartland Resource Management Group consortium selected as the preferred proponent to design, build, finance, operate and maintain a residuals treatment facility (the "Facility") for the Capital Regional District ("CRD"). Bird is part of the joint-venture who will lead the design and construction of the project, and Bird will also take 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.

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.

The consortium plans to reach financial close in early February 2018, with construction expected to commence in the spring of 2018. At this time, there can be no assurances that the consortium will receive a contract award related to this project.

"Bird is proud to be part of the consortium selected as the preferred proponent to design, build, finance, operate and maintain the CRD's residuals treatment facility. This important project adds to our expanding portfolio of environmental and public-private partnership projects and further secures the Company as a key Canadian participant in this delivery model and in this sector," said Mr. Ian Boyd, President and CEO of Bird.

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.

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