Sterling Construction Company Wins Texas Project Valued at $58.8 Million
HOUSTON, Texas, July 20, 2015—Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that it was the responsive low bidder on a $58.8 million Texas Department of Transportation (“TxDOT”) project 55 miles south of Dallas, in Corsicana, Texas. The project consists of widening an 8.3 mile section of Interstate 45 from four lanes to six lanes. Additionally, the project scope includes the widening of seven existing bridges and the construction of three new bridges. The project is expected to commence in November 2015 and be completed by January 2017.
Mark Buchanan, President of Sterling’s Texas subsidiary, stated, “The Corsicana I-45 project is a high profile project that will deliver major improvements to a critical transportation artery in the Dallas area. We are pleased to have the opportunity to leverage the resources, knowledge and experience of our enhanced Texas Sterling team in the performance of our core expertise. Our project managers and construction crews are committed to the safe and profitable execution of this compelling job, and we look forward to partnering with TxDOT in its timely completion.”
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, Arizona, California, Hawaii, and other states where there are profitable construction opportunities. Its transportation infrastructure projects include highways, roads, bridges, airfields and light rail. Its water infrastructure projects include water, wastewater and storm drainage systems.