GUELPH, ON, Canada, Oct. 6, 2009 -- Armtec Infrastructure Income Fund today announced it has been awarded a $26.9 million contract to supply water management products to upgrade the Southeast Collector Sewer System, which is part of the York Durham Sewage System (YDSS), a state-of-the-art wastewater collection system first constructed by the Province of Ontario in the late 1970s and early 1980s. For the project, the Fund will manufacture and deliver 12,500 precast concrete segmental rings, each of which is three-meters in diameter. When installed, the rings will collectively form a continuous tunnel liner of 15 kilometers.
The project is scheduled to begin production in mid-January 2010 and ramp up to full production status by mid-March. When construction is completed, the upgraded sewer system will support future growth of commercial development and expansion of residential communities in the York and Durham regions. The YDSS continues to serve as one of the best and most environmentally friendly systems in the entire Great Lakes region.
"This contract was awarded after a comprehensive prequalification process during which the Fund demonstrated its enhanced capabilities as a national precast concrete service provider to large-scale infrastructure projects," said Charles Phillips, President and Chief Executive Officer. "When combined with the previous experience that had been gained during the initial phase of the project by Boucher Precast, which was later acquired by the Fund in July 2008, we were the logical choice to be selected for this project."
About Armtec Infrastructure Income Fund
Armtec Infrastructure Income Fund is a leading manufacturer and marketer of a comprehensive range of infrastructure products and engineered construction solutions for customers in a diverse cross-section of industries that are located in every region of Canada, as well as in selected markets in North America and worldwide. These markets include Canada's national and regional public infrastructure markets and private sector markets in agricultural drainage, commercial building, residential construction and natural resources. Operating through its network of regional offices and production facilities across the country, Armtec is Canada's only national multi-material infrastructure application manufacturer. The Fund specializes in high density polyethylene and corrugated steel pipe products for drainage and bridge applications, water management systems, a full suite of highway noise barriers and offers a wide variety of precast and pre-stressed concrete products, which provide advanced construction components and high-value engineered solutions to its customers. Armtec Infrastructure Income Fund is listed on the TSX under the ARF.UN symbol. For more information, please visit www.armtecincomefund.com.
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