Sterling Construction Company, Inc. Awarded $18.7 Million Winnie, TX Project
May 24 2018 - 9:00AM
Business Wire
Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling”
or the "Company”) today announced that its subsidiary Texas
Sterling Construction Co. (“TSC”) was selected by the Texas
Department of Transportation to upgrade and expand the frontage
roads along State Highway 73 near Winnie, TX. The $18.7 million
project consists of 2.5 miles of new subgrade and asphalt overlay,
and the building of a grade separation at the interchange between
State Highway 73 and State Highway 124. The project is scheduled to
begin in late summer 2018 and is expected to take 26 months to
complete.
Joe Cutillo, Sterling’s Chief Executive Officer, commented,
“This project award strengthens our backlog in the Texas region and
fits within our core competency in asphalt work, frontage road
replacement and grade separation construction. The interchange
between State Highway 73 and State Highway 124 is notorious for
being very dangerous, with many accidents taking place over the
years. This project is in an area impacted substantially by
Hurricane Harvey and we are pleased to be part of the efforts in
building an overpass and reconfiguring the intersection that should
assist in better traffic flow and improved safety in the area while
still maintaining the existing right of way.”
Sterling is a construction company that specializes in heavy
civil construction and residential concrete projects primarily in
Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah and
other states in which there are feasible construction
opportunities. Our heavy civil construction projects include
highways, roads, bridges, airfields, ports, light rail, water,
wastewater and storm drainage systems, foundations for multi-family
homes, commercial concrete projects and parking structures. Our
residential construction projects include concrete foundations for
single-family homes.
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: https://www.businesswire.com/news/home/20180524005396/en/
Sterling Construction Company, Inc.Jennifer Maxwell,
281-951-3560Director of Investor RelationsorInvestor Relations
Counsel:The Equity Group Inc.Fred Buonocore,
212-836-9607CFAorKevin Towle, 212-836-9620
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