Sterling Construction Company, Inc. (NasdaqGS: STRL), ("Sterling" or the "Company") today announced that Provo River Constructors, a joint venture in which its subsidiary, Ralph L. Wadsworth Construction Company, LLC. (“RLW”), is a 12.5 percent venture partner, was selected by the Utah Department of Transportation (“UDOT”) as the team with the best fixed-price, best-design proposal for the expansion of the I-15 Corridor Reconstruction project.
The proposed scope of reconstruction work is along a 23-mile stretch of the existing interstate in Utah County which is the major north-south commuter route between Salt Lake City and the Provo/Orem region in Utah. The project includes adding four lanes to the freeway; rebuilding and reconfiguring 10 freeway interchanges; replacing and restoring 55 bridges; and providing additional improvements that will meet or exceed travel demands through the year 2030 which will facilitate increased mobility and safety. Provo River Constructors (“Provo”) anticipates starting construction in spring 2010 and completing construction as early as December 2012.
The joint venture’s design-build contract is expected to have a value of approximately $1.1 billion of which RLW’s share will be approximately $137.5 million. RLW is one of the leading design-build contractors in the State of Utah and will provide the joint venture with its expertise and resources within the bridge and concrete pavement portions of the project.
Provo is a Fluor-led joint venture that also includes RLW, Ames Construction, Inc., and Wadsworth Brothers Construction as venture partners. Other members of the team include Jacobs Engineering, Michael Baker Jr. Inc. and Kleinfelder West Inc as sub consultants.