THE WOODLANDS, Texas - Sterling Infrastructure, Inc. (NASDAQ:STRL), a diversified infrastructure company, has secured a significant contract through its subsidiary for improvements to Lihue Airport in Kauai, Hawaii.
The $155 million project, part of the state's Airport Modernization Program, aims to enhance the facility into a world-class airport.
The Road and Highway Builders, LLC (RHB), a subsidiary of Sterling Infrastructure, is set to begin work on the airport's runway extension in April 2024, with the project anticipated to take two and a half years to complete.
The contract involves extensive work, including excavation, drain pipe installation, structural concrete wall installation, and asphalt paving.
Sterling's CEO, Joe Cutillo, expressed enthusiasm about the company's involvement in Hawaii's infrastructure upgrade. He highlighted the increasing demand for RHB's aviation and highway services following the Infrastructure Investment and Jobs Act. Cutillo emphasized the significance of such projects in facilitating economic activity and mobility.
Sterling Infrastructure operates across various U.S. regions, offering services in E-Infrastructure, Transportation, and Building Solutions. Their projects range from site development for manufacturing and data centers to infrastructure projects for transportation systems, including airports and highways.
The company's latest contract is expected to be included in the first quarter 2024 backlog. The information in this article is based on a press release statement from Sterling Infrastructure, Inc.
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