CCA comments on federal rejection of Aecon/CCCI deal
June 29, 2018 By Canadian Construction Association
June 29, 2018 – The Canadian Construction Association (CCA) is pleased with the Canadian government’s decision to refuse the sale of Aecon Group Inc. to Chinese government-controlled CCC Holding Limited (CCCI). “CCA wishes to express its satisfaction with the government’s confidence in the Canadian construction industry,” said Mary Van Buren, CCA president. “We are happy that the government recognizes the fact that government-owned or controlled entities have no place to compete against private and publicly-traded companies in the Canadian construction industry.”
CCA has always advocated for the establishment and maintenance of a free-flowing international system of trade, both in terms of goods as well as services. CCA supports international free trade agreements, including provisions respecting government procurement.
The Canadian construction industry is highly complex, using sophisticated, technology-forward and innovative techniques. From drones to IoT on bridges to 3D modelling, Canadian know-how is exceptional, and CCA welcomes the government’s commitment to encouraging entrepreneurialism.
The Government of Canada is engaging in a massive infrastructure program, investing more than $180 billion of Canadian taxpayers’ money. CCA members are proud that the government is trusting the close to 1.4 million Canadians making their living in construction to build a better Canada.
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