THE FOREST COUNTRIES, Texas – (BUSINESS WIRE) – Sterling Construction Company, Inc. (NasdaqGS: STRL), (“Sterling” or the “Company”) today announced that its subsidiary, Ralph L. Wadsworth Construction Company, LLC (RLW), has $ 40.4 million Dollar for the aviation project was commissioned, the Design Pack 20 of the airfield concrete paving package for the Salt Lake City International Airport Terminal Redevelopment Program. This project award builds on Sterling’s previous successful completion of projects in the growing greater Salt Lake City area. As mentioned in a recent Salt Lake City Tribune article1, Utah, surpassed all 50 states in terms of population growth over the period 2010-2020, underscoring strong demand for investment in large community projects.
Salt Lake City Corporation, through its Department of Airports (SLCDA), has launched a capital improvement program, the Terminal Redevelopment Program (TRP), to welcome more passengers and larger aircraft while serving as a hub for travelers with additional amenities and options. The $ 4.1 billion redevelopment program will be phased out to ensure that the project goal of Zero Impact for Travelers continues. In addition, the Design Pack 20 of the airfield concrete paving package includes all airfield and civil engineering work around the north hall east. Other important project components are the construction of the midfield vehicle tunnel ramp and walls, the demolition of existing taxiways and aprons, the removal of existing utilities, the installation of rain drainage, water and sewage, airfield signage and lighting as well as communication / electrical drainage banks. Construction is scheduled to begin in February 2022. When completed, the airport will support 34 million passengers passing through it each year.
Sterling CEO Joseph Cutillo commented, “We are honored to be part of the historic New Salt Lake City International Airport project. RLW was instrumental in this project and this award is further evidence of our ability to deliver value-added services and solutions to our customers. Our strategic shift in our Heavy Civil sector to alternative delivery aviation projects continues in the right direction and will continue to be an integral part of our strategy to move forward. ”
Mr. Cutillo continued, “The New Salt Lake City International Airport project is an ideal example of the type of sustainable public works that Sterling seeks to be associated with. Urban planners are increasingly recognizing the need for sustainability by investing in airport and rail infrastructure, not only in the direct sense, but also to attract top companies and their employees. By demonstrating Sterling’s ability to partner on such projects, we intend to build on that success and work more on sustainability in the future. ”
Sterling Construction Company, Inc. operates in three segments through a variety of subsidiaries specializing in heavy construction, specialty services and residential projects in the United States (the “US”), primarily in the southern United States in Rocky Mountain -States in California and Hawaii, as well as other areas with strategic construction opportunities. Heavy Civil includes infrastructure and rehabilitation projects for highways, roads, bridges, airfields, ports, light rail, water, sewer and drainage systems. Specialty Services projects include land development activities (including excavation and drainage, drilling and blasting for excavation), foundations for apartment buildings, parking garages, and other commercial concrete projects. The residential projects include concrete foundations for single-family homes. From strategy to operation, we are committed to sustainability by acting responsibly in order to secure and improve the quality of life in society.