Sterling Construction Company, Inc. Affiliate, Road And Highway Builders, Is Apparent Low Bidder On A Nevada Department Of Transportation Project Valued At Approximately $20 Million
Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or the "Company”) today announced that its affiliate, Road & Highway Builders, was apparent low bidder on a $19.7 million Nevada Department of Transportation (NDOT) project. NDOT Contract Number 3550 consists of rebuilding State Highways 225, 535, and 227 in Elko, Nevada. The project, which includes constructing utility systems, earthwork, HMAC paving, polyester concrete bridge deck overlay, and concrete structures, is expected to begin in the Spring of 2014 and be completed by the end of the year.
Peter MacKenna, Sterling’s President and Chief Executive Officer commented, “The once thriving Nevada road construction market is beginning to show signs of growth, and we are well positioned to capitalize on these opportunities as they become available.”
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 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.
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