Sterling Construction Company, Inc. Awarded $22 Million Bridge Project In Stockton, California
THE WOODLANDS, TX
March 20, 2017
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 mid2020.
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.