THE WOODLANDS, Texas–(BUSINESS WIRE)–Sterling Infrastructure, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that its subsidiary, Plateau Excavation of its E-Infrastructure Solutions segment , was won a $45 million design-bid-build project by the Joint Development Authority (JDA) of Jasper, Morgan, Newton, and Walton Counties in Georgia. The first two phases of site development, which include 500 acres, are located in the East Atlanta Megasite for the Rivian Electric Vehicle (EV) plant.
The Rivian EV plant is another major project for Georgia, as the JDA has been instrumental in creating an atmosphere that fosters high profile developments in the region. Previous projects include Takeda (fka Baxter Pharmaceuticals) and two Metadata Centers, for which Plateau carried out site work.
This significant project expands Rivian’s electric vehicle manufacturing operations and the State of Georgia’s commitment to creating and sustaining a diverse economy. The project is expected to run from September 2022 to July 2023.
“Our unique capabilities to execute large-scale site development projects now allow us to capitalize on emerging manufacturing, offshoring and electric vehicle industry opportunities. We are honored to receive this remarkable project which is the largest industrial investment in Georgia’s history. Being part of a project that improves the economy, creates long-term, well-paying jobs, and improves the environment is right on the Sterling Way,” said Joe Cutillo, CEO of Sterling.
Sterling operates through a variety of subsidiaries in three segments specializing in electronic infrastructure, transportation and building solutions in the United States (the “United States”), primarily in the South, Northeast, Central Atlantic and Rocky Mountain states, California and Hawaii. , as well as other areas with strategic construction opportunities. E-Infrastructure Solutions projects develop advanced large-scale site development systems and services for data centers, e-commerce distribution centers, warehousing, transportation, energy and more. Transportation solutions include infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater and storm drainage systems. Building Solutions projects include residential and commercial concrete foundations for single and multi-family homes, parking structures, raised slabs and other concrete work. From strategy to operations, we are committed to sustainability by operating responsibly to preserve and improve society’s quality of life. Caring for our people and our communities, our customers and our investors – that’s The Sterling Way.
Joe Cutillo, CEO, “We build and maintain the infrastructure that keeps our economy running,
our people to move and our country to grow.
This press release contains certain statements that fall within the definition of “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties, including the risks identified in the filings. by the Company with the Securities and Exchange Commission. Therefore, these statements should be considered in light of these risks. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to publicly update or revise any forward-looking statements for any reason, whether as a result of new information, future events or developments, a change in circumstances or otherwise. , notwithstanding any changes in our assumptions, changes in business plans, actual experience or other changes. These cautionary statements qualify all forward-looking statements attributable to us or to persons acting on our behalf.
Sterling Infrastructure, Inc.
Ron Ballschmiede, CFO (281) 214-0777
Contact with Investor Relations:
The Equity Group Inc. Jeremy Hellman, CFA (212) 836-9626
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