ConDig (01-Feb-18). A subsidiary of Sterling Construction Co has secured a $136 million deal to upgrade sections of the I-15 highway in Utah.
Under the deal with the Utah Department of Transportation, Ralph L. Wadsworth Construction (RLW) Company LLC will reconstruct and rehabilitate about fourteen miles of I-15 in Salt Lake County from 12300 South to State Road 20.
The project involves improving the I-15/I-215 interchange near 7200 South, widening 7200 South by one lane in each direction from I-15 to Bingham Junction Blvd and resurfacing of southbound bridge structures between 12300 South and SR-201.
It will also feature the replacement of two railroad structures over 7200 South, one for Utah Transit Authority and the other for Union Pacific Railroad. Other elements of the project include earthwork and grading, drainage, PCC paving, multiple bridge widenings and preservations, MSE retaining walls, noise walls and utility work.
Woodlands, Texas-based Sterling said design work has already started, with construction set to start in late spring 2018 and is expected to be completed by the end of 2019.
“This new award adds significantly to our backlog, and is reflective of our disciplined approach to selectively bidding on jobs consistent with our strategy. RLW was selected for this project due, in part, to its design-build capabilities, which include significant engineering expertise and a strong track record of executing effectively on complicated construction elements such as bridge widening and replacement,” said Joe Cutillo, Sterling’s ceo.
“In addition, with its substantial rail-related elements, this project demonstrates our continued focus on expansion into adjacent business lines outside of heavy highway. Once completed, the improvements to this very busy stretch of I-15 South will alleviate traffic congestion, enhancing safety and reducing drive times for motorists in the area.”
In August, Sterling reported net income of $3.7 million in the quarter ended June 30 compared with $2 million in the same period last year. It comes as revenue shot up to $246.4 million from $189.6 million in the second quarter last year, while gross margins improved to 10.2% from 8.2%.