THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Construction Company, Inc. (NasdaqGS:STRL) (“Sterling” or “the Company”) today announced that its affiliate, Myers & Sons Construction (“Myers”), was the selected bidder on the San Mateo Bridge project, in a joint venture with American Civil Constructors (“ACC”), for the counties of San Mateo and Alameda with a value of approximately $25.3 million. This project consists of removing the existing asphalt surfacing on the steel bridge and placing 3,860 cubic yards of polyester concrete overlay over the course of three full weekend closures. Myers and Sons/ACC will also be placing 2,808,000 square feet of methacrylate and replacing eight substations. Construction is anticipated to start in the first quarter 2015.
Peter MacKenna, Sterling’s Chief Executive Officer, commented, “We’re very pleased to have been chosen to construct this exciting project on one of the Bay Area’s critical transportation links. This project adds to our growing backlog of significant transportation projects in the California marketplace."
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.
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.