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BANISTER INC. SUBSIDIARY AWARDED JOINT VENTURE CONTRACT

 SCARBOROUGH, Ontario, March 15 /PRNewswire/ -- BANISTER INC. is pleased to announce that its wholly-owned subsidiary, The Foundation Company of Canada, is part of a joint venture which has been awarded a contract by Canadian National Railways for the construction of a new 2 kilometers railway tunnel under the St. Clair River between Sarnia, Ontario and Port Huron, Mich. The contract is valued at over $50 million.
 Foundation is part of a joint venture consortium, together with Traylor Brothers Inc., Frontier-Kemper Construction Inc., (both of Evansville, Ind.) and a German company, Wayss and Freitag.
 Banister Inc. is a Canadian based construction firm specializing in building, civil, industrial, pipeline and utility construction.
 -0- 3/15/93
 /CONTACT: S. Ericson, vice president, Special Projects; or S.R. Perfect, vice president and chief estimator, both for Banister, 416-754-8691/
 (BAN)


CO: Banister Inc. ST: Ontario, Michigan IN: TRN SU: CON

LR -- NY055 -- 6063 03/15/93 13:24 EST
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Publication:PR Newswire
Date:Mar 15, 1993
Words:154
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