Sterling Construction Company, Inc. Awarded $22 Million Wastewater Project in Malibu, California
August 08 2016 - 8:45AM
Business Wire
Sterling Construction Company, Inc. (NasdaqGS:STRL) (“Sterling”
or the "Company”) today announced that Myers & Sons
Construction (“Myers”), was awarded a $21.7 million wastewater
treatment facility project in Malibu, California. The Civic Center
Wastewater Treatment Facility - Phase I project consists of various
below-ground elements, including the construction of aeration
basins, concrete anoxic basins, post-anoxic basins, and
recirculation facilities. The above-ground elements include
construction of an operations building, installation of a crane for
removing membrane bioreactor filters for maintenance, an
ultraviolet (UV) disinfection facility, a recycled water storage
tank, a pump station, landscape screening, and a driveway for
vehicles. During construction, Myers is also responsible for
maintaining the existing plant until the new facility is completed.
The project will take approximately eighteen months to
complete.
Paul J. Varello, Sterling’s Chief Executive Officer, commented,
“We are pleased to have been selected by the City of Malibu to
construct the first phase of this wastewater treatment facility.
Due to the facility’s close proximity to the coastline and a leach
field, this is an environmentally sensitive project that fits well
within our specialized capabilities. From a longer term
perspective, this project is indicative of the growing
opportunities we see in water infrastructure construction projects.
This award also demonstrates our disciplined bidding approach,
reinforcing our belief that we are well positioned to continue to
add attractive, profitable opportunities to our backlog in the
future.”
Sterling is a leading heavy civil construction company that
specializes in the building and reconstruction of transportation
and water infrastructure projects in Texas, Utah, Nevada, Colorado,
Arizona, California, Hawaii, and other states in which there are
construction opportunities. Its transportation infrastructure
projects include highways, roads, bridges, airfields, ports and
light rail. Its water infrastructure projects include water,
wastewater and storm drainage systems.
This press release includes certain statements that fall within
the definition of “forward-looking statements” under the Private
Securities Litigation Reform Act of 1995. Any such statements are
subject to risks and uncertainties, including overall economic and
market conditions, federal, state and local government funding,
competitors’ and customers’ actions, and weather conditions, which
could cause actual results to differ materially from those
anticipated, including those risks identified in the Company’s
filings with the Securities and Exchange Commission. Accordingly,
such statements should be considered in light of these risks. Any
prediction by the Company is only a statement of management’s
belief at the time the prediction is made. There can be no
assurance that any prediction once made will continue thereafter to
reflect management’s belief, and the Company does not undertake to
update publicly its predictions or to make voluntary additional
disclosures of nonpublic information, whether as a result of new
information, future events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20160808005283/en/
Sterling Construction Company, Inc.Jennifer Maxwell,
281-951-3560Director of Investor RelationsorInvestor Relations
Counsel:The Equity Group Inc.Fred Buonocore, 212-836-9607Kevin
Towle, 212-836-9620
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