Amec Foster Wheeler joint venture wins contract for long-term waste management facility in Canada
Major construction contract award for Port Hope Area Initiative, one of Canada’s largest environmental restoration projects
Amec Foster Wheeler, in a joint venture with CB&I, announces today the award of a CAD$86.8 million construction remediation contract by Canadian Nuclear Laboratories to build the Port Granby long-term waste management facility in the municipality of Clarington in Ontario, Canada.
The Port Granby Project is part of the Port Hope Area Initiative, the Canadian federal government’s undertaking for the safe, long-term management of historic low-level radioactive waste in the municipalities of Port Hope and Clarington. It includes relocating historic low-level radioactive waste and marginally contaminated soils from an existing waste management facility on the shoreline of Lake Ontario to a new, state-of-the-art facility, approximately one kilometre north of the current site.
The contract scope involves facility construction, waste excavation, construction of a roadway to permit transportation of the excavated material without using municipal roads, and restoration of the existing and new facility sites. Construction will begin in the latter part of 2015 and will take about five years.
By combining our experience and expertise with CB&I, we are able to meet the complex needs of Canadian Nuclear Laboratories on this significant project. We look forward to successfully delivering this project to the benefit of the local community.
Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.
With pro-forma 2014 annualised scope revenues of £5.5 billion and over 40,000 people in more than 50 countries, the company operates across the whole of the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.
Amec Foster Wheeler has been operating in Canada for over a century. From the beginning, we have been entrusted with the responsibility of some of Canada’s largest and most important projects.
Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.
Canadian Nuclear Laboratories (CNL) is a world leader in nuclear science and technology offering unique capabilities and solutions across a wide range of industries. Actively involved with industry-driven research and development in nuclear, transportation, clean technology, energy, defence, security and life sciences, CNL provides solutions to keep these sectors competitive internationally. For more information on the complete range of services CNL please visitwww.cnl.ca or contact email@example.com.
The Port Granby Project is part of the Port Hope Area Initiative (PHAI), a federal government undertaking for the cleanup and safe long-term management of historic low-level radioactive waste in Port Hope and south-east Clarington. The Port Granby Project will relocate approximately 450,000 cubic metres of historic low-level radioactive waste and marginally contaminated soil, located at an existing waste management facility on the shoreline of Lake Ontario, to a new, engineered above ground mound facility to be built approximately one kilometre north of the lake. The engineered facility will isolate the waste from the environment using multi-layered baseliner and cover systems.
The Port Granby Project began in 2001, as part of the Port Hope Area initiative, through a legal agreement signed by the Municipality of Port Hope, the Municipality of Clarington and the Government of Canada. In 2012, the government announced an investment of $1.28 billion over 10 years to finish the Port Hope and Port Granby projects.
CB&I (NYSE:CBI) is the most complete energy infrastructure focused company in the world. With 125 years of experience and the expertise of approximately 54,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. CB&I has been operating in Canada for over a century. For more information, visit www.cbi.com.
This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing and success of contracts, and are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements.
Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.