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January 16, 2012 Finance news in Beverly Hills,California, United States of America

STRL announced that Ralph L. Wadsworth (“RLW”) in conjunction with J. Banicki Construction, Inc. (“Banicki”), its recently acquired Arizona-based subsidiary, was apparent low bidder on the $71 million




FOR IMMEDIATE RELEASE
Beverly Hills, California, United States of America (Free-Press-Release.com) January 16, 2012 -- Sterling Construction Company, Inc. (NASDAQ:STRL)

“This project represents a significant addition to backlog in Arizona for both RLW and Banicki. RLW specializes in bridge construction, while Banicki will focus on the underground and earthwork,” stated Patrick T. Manning, Sterling’s Chairman and CEO.

STRL announced that Ralph L. Wadsworth (“RLW”) in conjunction with J. Banicki Construction, Inc. (“Banicki”), its recently acquired Arizona-based subsidiary, was apparent low bidder on the $71 million Gateway Freeway SR 24 project in Mesa, Arizona. The Arizona DOT project consists of freeway to freeway ramps connecting to SR 202 from about Power Road to Elliot Road and constructing SR 24 (a new freeway) for about one mile to the southeast ending at Ellsworth Road. The project has approximately one mile of flyover box beam bridge and one million cubic yards of imported fill. The project, which will begin March 2012, has an estimated duration of 18 months.



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