Sterling Construction Company, Inc. JV Selection on $139M Highway Project in Utah
THE WOODLANDS, TX Sterling Construction Company, Inc. ("Sterling" or "the Company") announces that a joint venture consisting of its subsidiary, Ralph L. Wadsworth Construction Company, LLC ("RLW") and its joint venture partner, W.W. Clyde & Co., Inc. have been awarded a $139 million highway project by the Utah Department of Transportation (UDOT). The project scope consists of the design and construction of four grade-separated interchanges along Bangerter Highway in Salt Lake City, Utah. Each interchange includes a bridge, retaining walls, earthwork, concrete paving, drainage, signals and utility work. Design of the project will begin immediately with construction starting in the spring of 2017. The project is scheduled to be complete by the end of 2018. As Managing Partner for the joint venture, RLW will report 100 percent of the project revenues and pro-rated portion of the profits.
Paul J. Varello, Sterling's CEO said, "We are very pleased that our joint venture has been selected by the Utah Department of Transportation to design and build this major project. The construction of these new interchanges will significantly improve the flow of traffic in the greater Salt Lake City area. We look forward to working with our joint venture partner, W.W. Clyde & Co., on this important project and we expect to have other opportunities to work with them in the future."