Sterling Infrastructure Secures Major Transportation Projects in Utah and Colorado

Sterling Infrastructure Secures Major Project Awards

Sterling Infrastructure, Inc., traded on NasdaqGS under the ticker STRL, has made headlines recently with its announcement of two substantial project awards through its subsidiary, Ralph L. Wadsworth (RLW). These high-profile projects mark significant steps forward in transportation infrastructure, aimed at improving mobility across key regions.

Project Overviews

I-15 1800 North Interchange in Utah

The first project involves the I-15 1800 North Interchange, contracted by the Utah Department of Transportation (UDOT). This initiative is poised to enhance regional mobility within Davis County, with a project valuation of $195 million. Work is slated to commence in spring 2025, with an expected completion date in late 2027. RLW holds a 60% stake, while Whitaker Construction is the joint venture partner with a 40% share. This project is also earmarked to be included in RLW's backlog for the first quarter of 2025.

I-25 North Corridor in Colorado

The second project is the I-25 North Corridor, part of a broader initiative by the Colorado Department of Transportation (CDOT). Valued at $86 million, this project represents the next phase in a multi-year effort that has been in pre-construction since 2018. RLW's stake in this phase is 51%, while SEMA Construction holds the remaining 49%. It has also been added to RLW’s combined backlog as of December 31, 2024.

CEO Insights

CEO Joe Cutillo expressed enthusiasm regarding these awards, stating, "These awards exemplify the attractive project opportunities we are seeing in our core Rocky Mountain and Arizona regions. RLW continues to prove that its technical capabilities and best-in-class execution make it a trusted partner for highway and bridge work." His remarks underscore the commitment of Sterling Infrastructure to foster sustainable practices and community engagement as it undertakes these significant projects.

About Sterling Infrastructure

Sterling operates through various subsidiaries within three main segments: E-Infrastructure, Transportation, and Building Solutions across the United States. The company specializes in large-scale site development services that include major infrastructure projects such as highways, roads, bridges, and airports. Their Building Solutions segment focuses on both residential and commercial concrete foundations, parking structures, and related services. Sterling’s commitment to quality and sustainability is at the forefront of its operations, ensuring they contribute positively to society and enhance the quality of life for all stakeholders involved.

Conclusion

With these new contracts, Sterling Infrastructure solidifies its position as a critical player in the infrastructure landscape of the United States. The company’s dedication to improving transportation systems is crucial for regional growth and development, ensuring it remains a vital partner in shaping the future of America's infrastructure.