SNC-Lavalin wins US$597M contract to build three towns in rural Venezuela

Canadian engineering giant SNC-Lavalin (TSX:SNC) says it will improve the quality of life for thousands of Venezuelans as it builds three small farming towns as part of a US$597-million contract to design and build a farmland irrigation system.The Montreal-based company said Wednesday that the project includes an extension to an existing irrigation canal and associated infrastructure to serve 32,200 hectares of the Tiznados valley, about 300 kilometres south of Caracas.