September 12, 2002

News Release: Aecon's Industrial Division Awarded Two Contracts Totalling $31 Million

Aecon Group Inc. (TSX: ARE) today announced that its Industrial division has been awarded contracts by Toyota Tsuho Canada and Syncrude Canada totalling $31.3 million.

Under a joint venture with Precise Finishing Systems, J&R Design Systems of Detroit and IEC Japan, Aecon Industrial will design and install a paint mix and circulation system for Toyota Canada's new Lexus paint shop in Cambridge, Ontario. As the lead partner in the joint venture, Aecon Industrial is responsible for the coordination and management of the design, fabrication and installation of this project. The work will be completed early in 2003. Aecon Industrial has also been awarded a contract by Syncrude Canada to fabricate 400,000 diameter inches of pipe spools for the UE-1 upgrader expansion of Syncrude's oil sands project in Fort McMurray, Alberta. Syncrude will use this pipe for the refining of heavy oil. This project will be completed by October 2003.

"The awarding of our first contract for the Syncrude oil sands project is an important step in developing a longer term relationship with this important new customer," said John M. Beck, Chairman and CEO, Aecon Group Inc. "We are also pleased to have this opportunity to continue our long-standing support of Toyota Canada's commitment to manufacturing products of exceptional quality."

Aecon Group Inc. is Canada's largest publicly traded construction and infrastructure development company. Aecon and its subsidiaries provide services to private and public sector clients throughout Canada and internationally.

The information in this news release includes certain forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Although Aecon believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct.

Aecon Group Inc.
Mitch Patten
Vice President, Corporate Affairs
(416) 754-8735 x 2515
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www.aecon.com

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