Sterling Construction Co. Inc.’s (STRL - Free Report) affiliate, Myers & Sons Construction has been awarded a contract worth $20 million for the design and construction of a major wastewater recycling system for the Del Puerto Water District (DPWD). Myers & Sons Construction, was selected as part of a joint venture (JV) with Steve P. Rados, Inc by the City of Modesto, CA for the project whose total worth is around $40 million.
The range of work for the JV construction management/general contractor team (CM/GC) is to design and construct 11 specific project elements. Construction is scheduled to begin in late 2016. On completion, which is estimated around Dec 2017, the project will help transport up to 35,000 acre feet per year of recycled water directly to the Delta-Mendota Canal. The water will then be distributed to DPWD customers or stored within Reclamation's Central Valley Project (CVP) system during low water demand periods.
This is a significant project win for Sterling Construction as it is a very important and innovative venture which will represent the future of water supply management programs. The project will address two critical objectives by solving water supply shortages within DPWD’s service area and enable the city of Modesto to permanently discontinue its practice of discharging treated effluent into the San Joaquin River.
STERLING CONSTR Price
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Sterling Construction Co. Inc.’s (STRL - Free Report) affiliate, Myers & Sons Construction has been awarded a contract worth $20 million for the design and construction of a major wastewater recycling system for the Del Puerto Water District (DPWD). Myers & Sons Construction, was selected as part of a joint venture (JV) with Steve P. Rados, Inc by the City of Modesto, CA for the project whose total worth is around $40 million.
The range of work for the JV construction management/general contractor team (CM/GC) is to design and construct 11 specific project elements. Construction is scheduled to begin in late 2016. On completion, which is estimated around Dec 2017, the project will help transport up to 35,000 acre feet per year of recycled water directly to the Delta-Mendota Canal. The water will then be distributed to DPWD customers or stored within Reclamation's Central Valley Project (CVP) system during low water demand periods.
This is a significant project win for Sterling Construction as it is a very important and innovative venture which will represent the future of water supply management programs. The project will address two critical objectives by solving water supply shortages within DPWD’s service area and enable the city of Modesto to permanently discontinue its practice of discharging treated effluent into the San Joaquin River.
STERLING CONSTR Price
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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