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BANISTER SUBSIDIARY AWARDED CARIBBEAN CONTRACT

 TORONTO, March 1 /PRNewswire/ -- Banister Inc. (AMEX: BAN) announced today that its civil construction subsidiary, The Foundation Company of Canada, has been awarded a $14.7 million contract for the construction of the Roseau Dam in St. Lucia, West Indies.
 The government of Canada, through the Canadian International Development Agency, is assisting the government of St. Lucia in the Roseau Basin Water Development Program, by the provision of technical assistance and funding for infrastructure work including the construction of the Roseau Dam and ancillary works; the dam provides containment for the Program's water reservoir.
 Work on this contract will start immediately and is scheduled for completion by the spring of 1995.
 Banister Inc. is a Canadian-based construction firm specializing in building, civil, industrial, pipeline and utility construction.
 -0- 3/1/93
 /CONTACT: E.R. Austin, president and chief executive officer, or C.N. D'Croix, vice president and chief financial officer of Banister Inc., 416-754-8735/
 (BAN)


CO: Banister Inc. ST: Ontario IN: CST SU: CON

CK -- NY064 -- 1410 03/01/93 12:27 EST
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Publication:PR Newswire
Date:Mar 1, 1993
Words:173
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