The funding was announced in last month’s provincial budget, and is part of a program to offset the impacts of rising construction costs and higher interest rates.

Aecon says it's still dealing with negative impacts stemming from four large fixed-price legacy projects that are affecting its results.

The building was recognized for minimizing greenhouse gas emissions from building materials and operations.

The standards include mandatory and voluntary metrics for developers to consider when designing new residential and non-residential developments to lower carbon emissions.

First Nations are set to increasingly become equity partners in major projects, a shift that could lead to self-sustaining financial independence, said the chair of the First Nations Major Projects Coalition.