Sterling Construction (STRL) Apparent Low Bidder on Texas DoT Project Valued at $39 Million
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Sterling Construction Company, Inc. (Nasdaq: STRL) announced that its subsidiary, Texas Sterling Construction Co., was apparent low bidder on Texas Department of Transportation (TxDOT) US 380 Project, with a bid of $39 million.
The US 380 Project is approximately six miles long. The main components of the project include 244,000 square yards of concrete paving, 200,000 cubic yards of earth work, 35,000 linear feet of drainage structures and the construction of five bridges. The project is anticipated to begin in March 2013 and to take approximately thirty-six months to complete.
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The US 380 Project is approximately six miles long. The main components of the project include 244,000 square yards of concrete paving, 200,000 cubic yards of earth work, 35,000 linear feet of drainage structures and the construction of five bridges. The project is anticipated to begin in March 2013 and to take approximately thirty-six months to complete.
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