Aecon celebrates opening of the Finch West LRT in Toronto

Aecon Group Inc. (TSX: ARE) (“Aecon”) was pleased to join Mosaic Transit Group consortium partners, the Government of Ontario, Infrastructure Ontario and Metrolinx to celebrate the commencement of revenue service and opening of the Finch West LRT in Toronto. With the Eglinton Crosstown LRT reaching substantial completion on December 5, 2025, Aecon consortiums have proudly delivered the first two modern LRT systems in Toronto.

Mosaic Transit Group successfully completed the 30-day Revenue Service Demonstration period and reached substantial completion in November.

“Opening the Finch West LRT to the public is an incredible step forward in modernizing Toronto’s transit network – helping to relieve congestion, connect communities and meet the needs of growing populations,” said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. “Along with our Mosaic Transit Group team, the Government of Ontario, Infrastructure Ontario and Metrolinx, we are extremely proud to see the Finch West LRT benefiting local and surrounding communities and we look forward to continuing to play a key role through the 30-year maintenance term.” 

The 10.3-kilometre, 18-stop Finch West LRT is operating as Line 6 within Toronto’s transit network, providing frequent and reliable transit from Humber College Station in the west to Finch West Station in the east. Line 6 integrates with Toronto’s existing transit network and features connections to multiple regional services.   

At the peak of construction, over 300 Mosaic Transit Group employees worked on-site, including 100 Aecon team members, and 85% of the workforce was from the Greater Toronto Area. The project’s community benefits program created job opportunities, provided training to enable sustainable employment, and focused on providing local economic benefits.

The Finch West LRT provides emissions-free travel through the operation of electric Light Rail Vehicles (“LRVs”), along with a state-of-the-art maintenance and storage facility that houses and services the line’s 18 LRVs. Several features on the interior and exterior of the facility helped earn the building’s LEED certification, including the recycled and renewable materials used to build it, the innovative technologies that contribute to water efficiency and reduction, and a green roof. The building’s parking area features electric charging stations, bike racks and sustainable landscaping. 

Quick Facts

• 148,000 m³ of concrete poured

• 87 kilometres of fibre optic cable

• 52 kilometres of overhead wires and cables

• 23 kilometres of rail

• 18 accessible stops

• 2 underground connections

• 1 state-of-the-art maintenance and storage facility   

Aecon holds a 33.3% interest in equity and construction of the Finch West LRT and a 50% interest in the 30-year maintenance term. The project was delivered alongside Mosaic Transit Group consortium partners ACS Infrastructure Canada Inc. and CRH Canada Group Inc., working with Metrolinx and Infrastructure Ontario. The parties continue to work collaboratively to finalize commercial matters on the project.

Further information about the project is available on the Metrolinx website.

About Aecon

Aecon Group Inc. (TSX: ARE) is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @AeconGroupInc.

Statement on Forward-Looking Information

The information in this press release includes certain forward-looking statements which may constitute forward-looking information under applicable securities laws. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. Forward-looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, strategies and outlook for Aecon, including statements regarding: involvement in the continued maintenance of the project and the anticipated benefits of the project on local communities and growing populations. Forward-looking statements may in some cases be identified by words such as "may" "will" "expects" "target" "future" "plans" "believes" "anticipates" "estimates" "projects" "intends" "should" or the negative of these terms, or similar expressions.

In addition to events beyond Aecon’s control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein including, but not limited to, the risk of not being able to meet contractual schedules and other performance requirements, the risks associated with a third party’s failure to perform; the risk of not being able to meet its labour needs at reasonable costs; the risk of not being able to address any supply chain issues which may arise; the risk of the anticipated benefits from the project not being fully realized; and the risk of not being able to execute the maintenance term as anticipated. These forward-looking statements are based on a variety of factors and assumptions including but not limited to that: none of the risks identified above materialize, there are no unforeseen changes to economic and market conditions and no significant events occur outside the ordinary course of business. These assumptions are based on information currently available to Aecon, including information obtained from third-party sources. While Aecon believes that such third-party sources are reliable sources of information, Aecon has not independently verified the information. Aecon has not ascertained the validity or accuracy of the underlying economic assumptions contained in such information from third-party sources and hereby disclaims any responsibility or liability whatsoever in respect of any information obtained from third-party sources.

Risk factors are discussed in greater detail in Section 13 - "Risk Factors" in Aecon’s 2024 Management’s Discussion and Analysis for the fiscal year ended December 31, 2024 and Aecon’s Management’s Discussion and Analysis for the fiscal quarter ended September 30, 2025, each filed on SEDAR+ (www.sedarplus.ca). Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Aecon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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