April 12, 2010 (FinancialWire) — SNC-Lavalin (TSX: SNC) said that Chinook Roads Partnership, its new 50/50 joint venture with Acciona, has been awarded a contract by Alberta Transportation to design, build, operate, maintain and partially finance the southeast section of Calgary's Stoney Trail Ring Road. The company said the contract is worth $769 million in 2010 dollars.

Under the 30-year public-private partnership contract, Chinook Roads Partnership will design and build 25 kilometres of six-lane road including nine interchanges, one road flyover, two rail flyovers and 27 bridge structures.

SNC-Lavalin said that, in terms of scope, it is the largest single highway project in Alberta's history. Once completed, the partnership will operate and maintain the road and other existing infrastructure for the duration of the 30-year contract.

Construction is set to begin in May 2010 and the road is scheduled to be open to traffic by the fall of 2013.

Canada-based SNC-Lavalin is an engineering and construction group with a focus on the ownership of infrastructure, and in the provision of operations and maintenance services.

The firm has offices across Canada and in more than 35 other countries around the world, and is currently working in around 100 countries.

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