TORONTO — Shares of Aecon Group Inc. fell more than 10 per cent after the infrastructure company announced $237 million in one-time charges related to its work on the Coastal GasLink pipeline project and three other large fixed-price legacy projects nearing completion.
Aecon — which was one of the prime contractors on the Coastal GasLink project — said it expects to take a $127 million non-recurring charge relating to the construction of two sections of the pipeline.
The terms of the settlement agreement are expected to result in no cash impact to Aecon.
The 670-kilometre Coastal GasLink pipeline — which runs from Dawson Creek, B.C., to the LNG C
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