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.
Copyright Business Wire 2014