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LIVE DESK·Global markets desk·Last updated 14s ago
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Aecon secures $714M transit contract in Ontario, backlog jumps

Aecon Group adds $714 million to its backlog from a Metrolinx-led GO Expansion project, with $649 million to be recorded in Q3 2026 and $65 million already booked in Q2.

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Helena Vásquez · Business Desk · 27 Aug 2026 · 16:15 · 1 min read
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Aecon secures $714M transit contract in Ontario, backlog jumps

Aecon Group Inc. has secured a $714 million contract for the GO Expansion project in Ontario, adding the full amount to its backlog. Of this total, $649 million will be recognized in the Construction segment backlog during the third quarter of 2026, while $65 million was already recorded in the second quarter.

The contract, executed under an alliance model with Metrolinx as the project owner, was awarded to ONxpress Civils Contractor General Partnership, a 50/50 joint venture between Aecon and FCC Canada. Construction has already commenced on the Durham College Oshawa GO Station and includes civil work, track improvements, and enhancements along the Lakeshore East line.

Aecon’s involvement in Ontario’s transit sector extends beyond this project, with previously delivered contracts including the Waterloo LRT, Finch West LRT, and Eglinton Crosstown LRT. The company is also currently engaged in the Eglinton Crosstown West Extension Elevated Guideway project, the Scarborough Subway Extension, and the Yonge North Subway Extension Advance Tunnel project. Additionally, Aecon holds contracts for the Surrey Langley SkyTrain Stations project in British Columbia and the Réseau express métropolitain projects in Quebec.

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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