02:07 PM EDT, 08/06/2025 (MT Newswires) -- Aecon Group ( AEGXF ) on Wednesday said North End Connectors, an Aecon ( AEGXF )-led consortium in which it holds a 33.3% interest, reached financial close with Infrastructure Ontario and Metrolinx on the Yonge North Subway Extension Advance Tunnel project in the Greater Toronto Area.

The company said the contract is valued at $1.4 billion, and its $477 million share of the contract will be added to its construction segment backlog in the third quarter.

The project will extend the TTC's Line 1 subway service about eight kilometers from the existing terminus at Finch Station in Toronto to the York Region, serving the communities of Markham, Vaughan and Richmond Hill.

Shares of the company were last seen up $0.60 to $19.74 on the Toronto Stock Exchange.

Price: 19.81, Change: +0.67, Percent Change: +3.50