Sterling Construction Company Affiliate, Road And Highway Builders, Is Apparent Low Bidder On An Nevada Department Of Transportation Project Valued At Approximately $42M
THE WOODLANDS, TX
April 8, 2015
Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or the “Company”) today announced that its affiliate, Road & Highway Builders, was apparent low bidder on a $42.2 million Nevada Department of Transportation (NDOT) project to extend the Carson City Freeway from Fairview Drive in Southeast Carson City to US 50 West. The project, which will entail concrete paving, asphalt paving, installation of four miles of pipe, 300,000 tons of aggregate base, three miles of cast in place sound walls and over 1 million cubic yards of excavation, is expected to begin in June of 2015 and be completed in late 2016.
Paul J. Varello, Sterling’s Chief Executive Officer, commented, “We completed phase one of the Carson City Freeway in 2010 and this second phase of the construction will complete the I-580 connection between Reno and Carson City. The result for motorists is expected to be reduced congestion along this important route and shorter commute times for thousands of area residents every day. We are proud to be involved in this important project, and believe it represents one of a number opportunities for us in Nevada in the coming years as the state resumes the upgrade and expansion of its highway infrastructure.”
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 construction opportunities. Its transportation infrastructure projects include highways, roads, bridges and light rail and its water infrastructure projects include water, wastewater and storm drainage systems.
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