Contractor Aecon settles dispute with Coastal GasLink over pipeline construction

fell more than 10 per cent after the infrastructure company announced $237-million in one-time charges related to its work on the Coastal GasLink pipeline project and three other large fixed-price legacy projects nearing completion.

Aecon – which was one of the prime contractors on the Coastal GasLink project – said it expects to take a $127-million non-recurring charge relating to the construction of two sections of the pipeline.The 670-kilometre Coastal GasLink pipeline – which runs from Dawson Creek, B.C., to the LNG C processing and export facility currently being built in Kitimat, B.C. – was completed last fall after five years of construction.

Aecon said in a news release Friday that the Coastal GasLink settlement allows the company to “close the chapter” on one of the most technically and financially challenging projects in its history.Study and track financial data on any traded entity: click to open the full quote page. Data updated as of

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