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Aecon secures $714M Ontario transit contract, lifts backlog

The construction firm will record $649 million of the deal in its third-quarter backlog after adding $65 million in Q2. Work includes GO Expansion projects and other regional transit lines.

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Helena Vásquez · Business Desk · 2 Sept 2026 · 15:31 · 1 min read
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Aecon secures $714M Ontario transit contract, lifts backlog

Aecon Group Inc. said it added C$714 million ($527 million) to its backlog from an Ontario transit project, with C$649 million slated for recognition in the Construction segment’s third-quarter 2026 backlog.

The company will record the remaining C$65 million in the second quarter of 2026. The contracts stem from Metrolinx’s GO Expansion program, awarded to a 50/50 joint venture between Aecon and FCC Canada known as ONxpress Civils Contractor General Partnership.

Under the target price model, Metrolinx serves as project owner while ONxpress oversees construction delivery. Work has begun on the Durham College Oshawa GO Station and includes civil works, track upgrades and enhancements along the Lakeshore East line.

The backlog addition follows broader regional transit commitments, including the Waterloo LRT, Finch West LRT, Eglinton Crosstown LRT and its west extension, the Eglinton Crosstown West Extension Elevated Guideway, the Scarborough Subway Extension, and the Yonge North Subway Extension Advance Tunnel.

Aecon also cited contributions from the Surrey Langley SkyTrain Stations project in British Columbia and the Réseau express métropolitain projects in Quebec as part of its ongoing transit portfolio.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Helena Vásquez
Business Desk

Helena covers corporate news for listed and private companies across Europe, from strategy shifts to leadership changes, with an eye for what a story signals about the broader market.

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