Bird Construction Income Fund announces its selection as the preferred proponent for the RCMP E Division Headquarter Relocation Project

LISTING: TSX
SYMBOL: BDT

TORONTO, March 19 /CNW/ - Bird Construction Income Fund announced today that an operating subsidiary of the Fund is part of the consortium that has recently been selected as the preferred proponent to design and build the RCMP E Division Headquarter Relocation Project located in Surrey, British Columbia. Bird is a member of the Green Timbers Accommodation Partners consortium responsible for the design, build, finance and maintenance of the new facility. Bird's role relates to the design and construction of the facility in a joint venture with Bouygues Building Canada Inc. The consortium plans to reach financial close in the spring of 2010 and commence construction shortly thereafter. The facility is expected to be completed in late-2012. The value of Bird's share of the construction contract is approximately $100 million.

At this time there can be no assurances that Bird will receive a contract award related to this project.

This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information: P.R. Raboud, CEO or S.R. Entwistle, CFO, Bird Construction Company Limited as Administrator of Bird Construction Income Fund, 5403 Eglinton Avenue West, Toronto, Ontario, M9C 5K6, Phone: (4l6) 620-7122, Fax: (416) 620-1516
Bird Construction Income Fund Announces Its Selection As The Preferred Proponent For The Rcmp E Division Headquarter Relocation Project : News & Media : Bird Construction