SNC Lavalin (TSX:SNC)
Historical Stock Chart
From Oct 2019 to Oct 2024
MONTREAL, April 6, 2011 /CNW/ --
MONTREAL, April 6, 2011 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased
to announce that the French government has awarded it a Délégation de Service Public (public service operating concession contract) for the airport in
Mayotte, a French island located in the Indian Ocean, in addition to
the contract to build the airport's new terminal building and upgrade
the airport infrastructure.
The operating concession consists primarily of management and
maintenance of the airport in addition to commercial development based
on regular service to and from mainland France (Paris) and inter-island
service in this region of the Indian Ocean. The recently signed
operating concession contract is for a 15-year period.
The new air terminal building will be built according to the most recent
environmental standards (ISO 14001 certification) and have first-class
landscaping. The entire building, designed to provide optimum service
for passengers, will include a restaurant area and a large commercial
area. The current 1,250-m² air terminal building will be converted into
administrative offices. Delivery of the new airport is scheduled for
the beginning of 2013, and the work is estimated at about CA$62
million.
Jean Claude Pingat, Executive Vice-President of SNC-Lavalin Group Inc.
and President of SNC-Lavalin in Europe, expressed his enthusiasm for
this new concession: "We can offer our client the benefit of our
comprehensive airport sector expertise in the development of this port
of entry to France's 101st département." Youssef Sabeh, President of SNC-Lavalin Airports, pointed out that,
"The new airport will provide the local community, users and businesses
with an indispensable economic development tool for this new French département in the Indian Ocean."
Mayotte-Dzaoudzi is the 10th airport to be integrated into the
SNC-Lavalin Airports network after the airports of Malta, Paris-Vatry,
Tarbes-Lourdes-Pyrénées, Cherbourg, Rouen and Tours and the airfields
of Toulouse-Francazal, Vannes (Brittany) and Chalon-sur-Saône
(Burgundy), which provide business, leisure and tourist aviation
services.
SNC-Lavalin is one of the leading engineering and construction groups in
the world and a major player in the ownership of infrastructure, and in
the provision of operations and maintenance services. SNC-Lavalin has
offices across Canada and in over 35 other countries around the world,
and is currently working in some 100 countries. In business since 1911,
the Company celebrates its 100(th) anniversary in 2011. www.snclavalin.com.
To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/April2011/06/c9837.html
table border="1" cellspacing="0" class="cnwBorderedTable" tr valign="top" td valign="top" align="left" Media: /td td valign="top" align="left" Investors: /td /tr tr valign="top" td valign="top" align="left" Leslie Quintonbr/ Vice-President, Global Corporatebr/ Communicationsbr/ SNC-Lavalin Group Inc.br/ 514-393-8000, ext. 7354br/ a text-decoration="" href="mailto:leslie.quinton@snclavalin.com"leslie.quinton@snclavalin.com/a /td td valign="top" align="left" Denis Jasminbr/ Vice-President, Investor Relationsbr/ SNC-Lavalin Group Inc.br/ 514-393-8000, ext. 7553br/ a href="mailto:denis.jasmin@snclavalin.com"denis.jasmin@snclavalin.com/a /td /tr /table p /p