North American Construction Group Ltd. along with its partners Acciona and Shikun & Binui announced the financial close of the Red River flood mitigation project in the United States. The financial close follows the contract award which was previously announced by the Company on June 21, 2021. The Metro Flood Diversion Authority (MFDA) of the Fargo-Moorhead area selected the consortium of NACG, Acciona, and Shikun & Binui in an international tender for this Public-Private Partnership contract to design, build, finance, operate and maintain the flood diversion channel for a period of 29 years following completion of the construction milestone.

The consortium has established a Green Financing Framework pursuant to which the revolving loans, bonds and seniorsecurednotesissued as part of the financial close have been designated as “green” to allow investors to invest in investments which support climate change adaptation and resilience projects.