Financial close for five Alberta schools under DBFM contract

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MISSISSAUGA, ON, September 29, 2021 / CNW / – Bird Construction Inc. (“Bird”) today announced that Concert-Bird Partners has completed the financial close of the previously disclosed contract with that of Alberta government for the design, build, finance and maintenance (DBFM) contract for five Alberta high schools. The project has a combined total contract value greater than $ 300 million and is part of that of Alberta Recovery plan to create jobs and diversify the economy.

Concert-Bird Partners is a consortium of Bird Capital Limited Partnership, Bird Design-Build Construction Inc., Concert Infrastructure Ltd., Ainsworth Inc., BR2 Architecture and Wright Construction Western Inc.

As part of the public-private partnership (P3) model, Concert-Bird Partners will deliver five new Alberta high schools including two in Edmonton and one in each of Blackfalds, The Duke, and Langdon. Once completed, the schools will accommodate nearly 7,000 students. School designs will include considerations for optimized building performance, energy conservation and other characteristics of green buildings, including achieving LEED ™ Silver certification. Site work is scheduled to begin at South Eastern High School in the fall of 2021, with The Duke, Heritage Valley High Schools Langdon and Blackfalds High Schools starting in Spring / Summer 2022. All secondary schools are expected to be completed to meet the target date for full availability of May 31, 2024.

Funding for the project was organized jointly by Bird Capital Limited Partnership and Concert Infrastructure Ltd. and will be reimbursed by the project concessionaire company throughout the 30-year maintenance period.

“We are very pleased to have the opportunity to deliver this important project which takes advantage of our team’s demonstrated experience in execution in the construction of institutional buildings, underpinned by our strong partnership with Concert Infrastructure,” said declared Mr. Teri mckibbon, President and CEO of Bird Construction Inc. “Bird’s track record and broad platform allows us to take advantage of the opportunities that continue to arise in the market in this industry. We remain focused on building a balanced order book across industries and geography, and our position through Bird Capital further supports the creation of long-term shareholder value. “

This press release contains forward-looking information (as defined in applicable Canadian securities legislation) that involves known and unknown risks, uncertainties and other factors that may cause results, performance or actual accomplishments differ materially from those expressed or implied by this release. information search.

The Toronto Stock Exchange accepts no responsibility for the adequacy or accuracy of this release.

For more information contact:
TL McKibbon, President and CEO or
WR Gingrich, Chief Financial Officer
Bird Construction Inc.
5700 Explorer Drive, Suite 400
Mississauga, Ontario L4W 0C6
Telephone: (905) 602-4122

About Bird Construction
Bird (TSX: BDT) is a leading Canadian construction company operating coast to coast and serving all from Canada large markets. Bird provides a full range of new construction construction services for the industrial, commercial and institutional markets; industrial maintenance, repair and operation, heavy civil construction and mine support services; as well as vertical infrastructure, including electrical, mechanical and skilled trades. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that delivers long-term value for all stakeholders. www.oiseau.ca

SOURCE Bird Construction Inc.

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