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Sterling Construction's affiliate wins contract valued at about USD42m from NDOT.

M2 EQUITYBITES-April 9, 2015-Sterling Construction's affiliate wins contract valued at about USD42m from NDOT

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Sterling Construction Company Inc (NasdaqGS:STRL), a heavy civil construction company, revealed on Thursday that its affiliate, Road & Highway Builders has won the contract for USD42.2m Nevada Department of Transportation (NDOT) project, as apparent low bidder.

Pursuant to the contract, the Carson City Freeway will be extended from Fairview Drive in Southeast Carson City to US 50 West, involving 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 1m cuc yards of excavation.

The work on the project is expected to begin in June 2015 and be completed by late 2016.

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Publication:M2 EquityBites (EQB)
Date:Apr 9, 2015
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