They do far more than construction and Aecon has an excellent reputation.
It was Aecon who fixed all the Chinese f-ck ups in Ft Mac.
It was Aecon who fixed all the Chinese f-ck ups in Ft Mac.
China Getting Ready to Buy Canada
- Thread starter EagleSmack
- Start date
You are correct, you are buying talent and skills, but the only thing is that you cannot force them to stay with the organization, if they are not treated properly, they can leave and you have nothing.
Where‘as say a building, if you mismanage it, you will lose but you still have a building that you can rebuild from.
A construction company only does what an engineering company outlines for them.
Eng permit stamp rules eh
Aecon does a lot of publicly funded road/bridge and infrastructure work.
And the Libs are handing out tons of taxpayers dollars for this work.
Actually, I've been in a few of their construction offices (such as one building a new TTC subway station, recently) and I have been impressed with how professional an organization they were to deal with.
You don't get contracts for billion dollar projects unless you have the professional. integrity.
My brother has worked for them on several big projects.
He just finished a 2 1/2 year stint with them. They are good to work for.
My brother has worked for them on several big projects.
He just finished a 2 1/2 year stint with them. They are good to work for.
Using union labour is not always a plus, it is in some cases, it all depends on the type of project they are working on.
In the mid 1980's everybody was saying the Japanese owned the US. If you went to California during this time, that's what you saw most of the time as tourists.
Amazing how a few years later things changed.
Only when they have to.
Not the bunch running the project out here. Safety is not a priority with them.
That's a big mistake. Managers are criminally liable in this province if workers get hurt through negligence.
Hard to prove negligence because of the papers we have to sign. There isn't a lot of big union jobs in this area so guys do as they are told.
The Trudeau Liberals are facing warnings to proceed cautiously and in as transparent a manner as possible as they weigh a Chinese state-owned company's bid to take over Aecon construction of Calgary.
The warnings come in the face of strong affirmations by the Liberal government that Canada's pursuit of deeper trade relations with China is full steam ahead despite suggestions that such enthusiasm could risk angering the Trump administration during the North American Free Trade renegotiations.
CCCC International Holding Ltd. of China has made a $1.5-billion bid to buy Calgary-based Aecon Group Inc., which has a storied 140-year history in landmark Canadian construction and engineering projects such as the CN Tower, Vancouver's SkyTrain and the Halifax Shipyard.
CCCC International has some less auspicious recent history. The World Bank banned it from bidding on construction projects for eight years until this past January because of a bid-rigging scandal in the Philippines.
The government says it will review the offer to decide if there is a "net benefit" to Canada as required, but has not made clear whether a national security test will be imposed on the company. Prime Minister Justin Trudeau has said the deal will be reviewed "very carefully" under the Canada Investment Act.
Rejecting the deal would anger China, which is anxious to start free trade talks with Canada, and maintains that an eventual deal would provide more certainty for its potential investors in Canada.
David Mulroney, a former Canadian ambassador to China, urged the government to keep its guard up in the face of shifting circumstances with Beijing.
"We can't make every decision with a view to making the Chinese happy. The more you do that, the more bad deals come your way from China," said Mulroney.
"You have to show there are limits to our flexibility. We have real standards and we will live up to them."
Chinese bid for Calgary's Aecon construction comes with warnings for Trudeau Liberals - Calgary - CBC News
The warnings come in the face of strong affirmations by the Liberal government that Canada's pursuit of deeper trade relations with China is full steam ahead despite suggestions that such enthusiasm could risk angering the Trump administration during the North American Free Trade renegotiations.
CCCC International Holding Ltd. of China has made a $1.5-billion bid to buy Calgary-based Aecon Group Inc., which has a storied 140-year history in landmark Canadian construction and engineering projects such as the CN Tower, Vancouver's SkyTrain and the Halifax Shipyard.
CCCC International has some less auspicious recent history. The World Bank banned it from bidding on construction projects for eight years until this past January because of a bid-rigging scandal in the Philippines.
The government says it will review the offer to decide if there is a "net benefit" to Canada as required, but has not made clear whether a national security test will be imposed on the company. Prime Minister Justin Trudeau has said the deal will be reviewed "very carefully" under the Canada Investment Act.
Rejecting the deal would anger China, which is anxious to start free trade talks with Canada, and maintains that an eventual deal would provide more certainty for its potential investors in Canada.
David Mulroney, a former Canadian ambassador to China, urged the government to keep its guard up in the face of shifting circumstances with Beijing.
"We can't make every decision with a view to making the Chinese happy. The more you do that, the more bad deals come your way from China," said Mulroney.
"You have to show there are limits to our flexibility. We have real standards and we will live up to them."
Chinese bid for Calgary's Aecon construction comes with warnings for Trudeau Liberals - Calgary - CBC News
The Canadian minister reviewing a Chinese firm’s takeover of Aecon Group Inc. isn’t committing to a separate national review, saying security issues are rolled into all examinations of foreign acquisitions.
Innovation Minister Navdeep Bains said in a telephone interview Monday the government will "follow the process" and work closely with bureaucrats in its net-benefit review of the takeover by a unit of China Communications Construction Co. Those examinations can trigger fuller-scale security reviews.
Prime Minister Justin Trudeau pledged a full examination of the deal on Friday. He also wouldn’t commit to a separate security review
“It’s a case by case basis,” on whether a national security review is implemented, Bains said. The government hasn’t yet formally been presented with a deal to review, he said. Once it is, it has 45 days to review the deal on a “net benefit” basis, though extensions can be granted. That process can lead to a security review being triggered.
Trudeau said on Friday the Canadian government would look at “security issues” raised by the proposed Aecon takeover but refused to specify if a separate security review would be conducted. Canadian law allows the Trudeau cabinet to order a review on security grounds if the Innovation Minister “considers that the investment could be injurious to national security.”
https://www.bloomberg.com/news/arti...are-case-by-case-canada-s-bains-says-of-aecon
Innovation Minister Navdeep Bains said in a telephone interview Monday the government will "follow the process" and work closely with bureaucrats in its net-benefit review of the takeover by a unit of China Communications Construction Co. Those examinations can trigger fuller-scale security reviews.
Prime Minister Justin Trudeau pledged a full examination of the deal on Friday. He also wouldn’t commit to a separate security review
“It’s a case by case basis,” on whether a national security review is implemented, Bains said. The government hasn’t yet formally been presented with a deal to review, he said. Once it is, it has 45 days to review the deal on a “net benefit” basis, though extensions can be granted. That process can lead to a security review being triggered.
Trudeau said on Friday the Canadian government would look at “security issues” raised by the proposed Aecon takeover but refused to specify if a separate security review would be conducted. Canadian law allows the Trudeau cabinet to order a review on security grounds if the Innovation Minister “considers that the investment could be injurious to national security.”
https://www.bloomberg.com/news/arti...are-case-by-case-canada-s-bains-says-of-aecon
They want the taxpayers cash that will flow from the Infrastructure bank........
This isn't a debate about whether Aecon is good or bad at what they do, it's about the Country of China getting taxpayers cash...
I'll let Peter McKay explain it ..........
Stop China's takeover of Aecon before it's too late: Peter MacKay
With all the controversy sparked by Prime Minister Trudeau’s recent trip to China, there is one critical issue that cannot be overlooked: the need to stop the takeover of major Canadian industries through direct investment in Canada by the Chinese government through state owned enterprises (SOEs).
There is a very limited role in the Canadian economy for any government-owned and subsidized enterprise that competes directly with the private sector. One only needs to recall Air Canada, Petro Canada and currently the CBC. When it comes to foreign governments and domestic assets that have a strategic sensitivity, Canada needs to be clear and consistent about its investment boundaries with other countries. This is particularly true when the investment has a national security component.
As it now stands, in terms of the asset value of investments, total investment from China in Canada now exceeds that of the U.S. At the same time, the thresholds for review under the Investment Canada Act have been altered to make such deals easier to approve.
Not only that, the strategic nature of those investments is a disturbing departure from past practice.
There is no clearer example of the need for urgent action on this front than the pending $1.45 billion sale of construction giant Aecon to China’s state-owned construction giant, CCCI. Even if you don’t know Aecon by name, you almost certainly have used an Aecon-built road, bridge, airport or power plant. Aecon built the CN Tower, Vancouver’s SkyTrain and the Halifax Shipyards.
This proposed acquisition is slated to happen just as Canada’s heavily touted infrastructure upgrade program launches. If Aecon is acquired by CCCI, profits from this taxpayer-funded initiative to build and improve the means to enhance Canada’s economic competitiveness — to build our communities for generations to come — would go directly to the government of China.
In the words of columnist Diane Francis, “China’s corporations are state-owned enterprises, or client corporations, and accede to the wishes of the Politburo …
“China’s track record in Canada is abysmal and includes a request to the Supreme Court of Canada, by a Chinese engineering giant a handful of years ago, to exempt it from our laws after it breached safety violations and ignored our courts following workers’ deaths. The Court refused to hear the case. Fines were never paid.”
We dodged a bullet. The court might not be so wise and far-sighted the next time.
Approval of the sale also would mean muting the significant economic multiplier effect of infrastructure investment across the country. According to a recent study published by the Broadbent Institute, GDP rises by $1.43 for every infrastructure dollar spent, 9.4 jobs are generated for every million spent, and 44 cents of every dollar invested by government is returned in tax revenue.
A construction company owned by the Chinese government, furthermore, is more likely to use steel and other essential materials imported from Chinese government-owned steel mills. China is one of the most unrepentant dumpers of steel in Canada — a factor that has driven Canadian steelmakers into bankruptcy more than once.
As Parliament breaks for Christmas recess, the one gift this Liberal government can give all Canadians is the gift of integrity and security — by refusing to approve CCCI’s takeover of Aecon.
more
https://ipolitics.ca/2017/12/08/stop-chinas-takeover-aecon-late-peter-mackay/
Chinese Trade Deal Would Take Canada to the Cleaners
Engagement with China on Canadian terms is a fool’s errand
It was well-flagged in advance that Justin Trudeau’s visit to China this week was for the purpose of launching formal free trade agreement talks.
But there is no credible, conceivable scenario which would see such a pact benefit Canadians. The CCP is never going to allow Canadian businesses to have significant access to its market, whatever the agreement may say.
The trade imbalance now sees China selling Canada $64 billion in goods a year, with only $20 billion in Canadian goods going the other way. An FTA would only widen that disparity.
More than that, China will insist on unimpeded access for its investments in the Canadian economy, especially by its state-owned enterprises. At the same time, the CCP will make darned sure Canadian investors never get a foot in the door in China.
So there might be cause for relief that Trudeau’s poorly managed trip to Beijing this week did not immediately fire the starter’s gun on bilateral free trade talks after his meeting with Premier Li Keqiang on Monday.
There was never the slightest chance that an authoritarian, one-party state that does not believe in the rule of law — and which considers liberal democracy a fanciful, outmoded notion — was going to buy this shopping list. Why did Trudeau go into that meeting thinking Li would roll over? After Trudeau’s embarrassing fumbling in Vietnam last month on efforts to create a revised version of the Trans Pacific Partnership, this muddle in Beijing suggests the staff work around the Prime Minister is third rate, especially on trade issues.
All the big beasts of the Canada-China Business Council are in the Canadian entourage — companies like Bombardier, Manulife, SNC Lavalin, Bank of Montreal and Scotiabank — so Trudeau and his officials are easy prey to a deadly infection of Stockholm Syndrome.
Trudeau would have been under heavy social pressure from his travelling companions to come away from China saying the road to an FTA is open. That would be a terrible outcome because there can be little doubt that Ottawa would again be taken to the cleaners by Beijing, as it has been in almost all encounters since the start of formal diplomatic relations in 1970. The best hope is that Trudeau sticks to his guns on his “progressive trade agenda” — and that Li continues to tell him to get lost.
more
https://thetyee.ca/Opinion/2017/12/07/Chinese-Trade-Deal-Take-Canada-Cleaners/
Engagement with China on Canadian terms is a fool’s errand
It was well-flagged in advance that Justin Trudeau’s visit to China this week was for the purpose of launching formal free trade agreement talks.
But there is no credible, conceivable scenario which would see such a pact benefit Canadians. The CCP is never going to allow Canadian businesses to have significant access to its market, whatever the agreement may say.
The trade imbalance now sees China selling Canada $64 billion in goods a year, with only $20 billion in Canadian goods going the other way. An FTA would only widen that disparity.
More than that, China will insist on unimpeded access for its investments in the Canadian economy, especially by its state-owned enterprises. At the same time, the CCP will make darned sure Canadian investors never get a foot in the door in China.
So there might be cause for relief that Trudeau’s poorly managed trip to Beijing this week did not immediately fire the starter’s gun on bilateral free trade talks after his meeting with Premier Li Keqiang on Monday.
There was never the slightest chance that an authoritarian, one-party state that does not believe in the rule of law — and which considers liberal democracy a fanciful, outmoded notion — was going to buy this shopping list. Why did Trudeau go into that meeting thinking Li would roll over? After Trudeau’s embarrassing fumbling in Vietnam last month on efforts to create a revised version of the Trans Pacific Partnership, this muddle in Beijing suggests the staff work around the Prime Minister is third rate, especially on trade issues.
All the big beasts of the Canada-China Business Council are in the Canadian entourage — companies like Bombardier, Manulife, SNC Lavalin, Bank of Montreal and Scotiabank — so Trudeau and his officials are easy prey to a deadly infection of Stockholm Syndrome.
Trudeau would have been under heavy social pressure from his travelling companions to come away from China saying the road to an FTA is open. That would be a terrible outcome because there can be little doubt that Ottawa would again be taken to the cleaners by Beijing, as it has been in almost all encounters since the start of formal diplomatic relations in 1970. The best hope is that Trudeau sticks to his guns on his “progressive trade agenda” — and that Li continues to tell him to get lost.
more
https://thetyee.ca/Opinion/2017/12/07/Chinese-Trade-Deal-Take-Canada-Cleaners/