Sterling Infrastructure, Inc. (NASDAQ:STRL) (“Sterling” or “the Company”) today announced that Ralph L. Wadsworth Construction Company, LLC (RLW), was awarded a $70 million design/build contract for the Yellowstone River Bridge Project. The project began in April 2023 and is expected to finish at the end of 2026.
The Yellowstone River Bridge project is funded by the Federal Highway Administration and will replace an existing 60-year-old bridge on a new mile-long realignment of the Northeast Entrance Road in Yellowstone National Park. The new one-quarter mile, 175-foot-high bridge will have decking, sidewalks, and railing. It is located within a hydrothermally and geothermally active zone and will require specialized cement and thermal monitoring of below grade concrete curing. Multiple temporary bridges will be constructed for construction access over streams and environmentally sensitive areas. This award will be included in March 31, 2023 backlog.
CEO Remarks
“We are proud to have been awarded this project, which will serve to modernize one of the country’s national treasures while minimizing environmental impacts and disruption to visitors,” stated Joe Cutillo, Sterling’s CEO. “The Yellowstone project is reflective of the continuing shift in our Transportation Solutions segment toward sophisticated design-build work and away from low bid heavy highway work.”
