HOUSTON--(BUSINESS WIRE)--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.
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.
