Sterling Construction Company, Inc. Awarded $22 Million Bridge Project in Stockton, California
March 20 2017 - 6:30AM
Business Wire
Sterling Construction Company, Inc. (NasdaqGS:STRL) (“Sterling”
or the "Company”) today announced that Myers & Sons
Construction (“Myers”), is the apparent low bidder on a $21.9
million bridge project in Stockton, California. The McHenry Avenue
Corridor Improvements project consists of the replacement of an
existing two lane bridge that spans the Stanislaus River with a new
1,138 foot, 78.5 foot wide, five-frame bridge with 17,000 linear
feet of stone column ground improvements. The project is scheduled
to begin in April of 2017, and is expected to be completed by
mid-2020.
Paul J. Varello, Sterling’s Chief Executive Officer, commented,
“We are pleased to have been selected by the County of San Joaquin
to replace the existing bridge on McHenry Avenue. The McHenry
Avenue Corridor Improvements project will significantly improve
traffic circulation, safety, and air quality in Stockton,
California. This award exemplifies our unique capabilities in
bridge work, and we believe we are well positioned to add similar
attractive, profitable opportunities to our backlog during
2017.”
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/20170320005085/en/
Sterling Construction Company, Inc.Jennifer Maxwell,
281-951-3560Director of Investor RelationsorInvestor Relations
Counsel:The Equity Group Inc.Fred Buonocore, CFA,
212-836-9607Kevin Towle, 212-836-9620
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