Market Overview

Sterling Construction Company, Inc. Awarded a Honolulu Authority for Rapid Transportation Project Valued at Approximately $26 Million


Sterling Construction Company, Inc. (NASDAQ:STRL) ("Sterling" or the
"Company") today announced that its subsidiary, Road and Highway
Builders, LLC was awarded a $26 million project from the Honolulu
Authority for Rapid Transportation (HART) to perform reconstruction work
on the King Kamehameha Highway in Pearl City, Hawaii. The project is
expected to commence in August of 2018 with a construction duration of
approximately one year.

The King Kamehameha Highway is one of the main highways serving suburban
and rural O‘ahu. Starting from Nimitz Highway near Pearl Harbor and
Hickam Air Force Base in Honolulu, it serves the island's older western
suburbs, turning north across the O‘ahu Central Valley to the North.
Sterling's scope of work for the current project includes the
resurfacing of the highway along the path of guideway construction
through Pearl City and Aiea. Additionally, the project will entail road
widening, improvements to intersections, minor utility improvements,
traffic signal work, turning loops, and curb and gutter work.

Joe Cutillo, Sterling's Chief Executive Officer, commented, "We
completed smaller projects focused on milling and paving and safety
improvements on the King Kamehameha Highway during 2015 and 2016. We are
pleased that our solid execution on those jobs has led to additional,
larger opportunities and we are looking forward to working with HART on
enhancing this important element of the transportation infrastructure
for O‘ahu motorists."

Sterling is a construction company that specializes in heavy civil
construction and residential concrete projects primarily in Arizona,
California, Colorado, Hawaii, Nevada, Texas, Utah and other states in
which there are feasible construction opportunities. Our heavy civil
construction projects include highways, roads, bridges, airfields,
ports, light rail, water, wastewater and storm drainage systems,
foundations for multi-family homes, commercial concrete projects and
parking structures. Our residential construction projects include
concrete foundations for single-family homes.

This press release includes certain statements that fall within the
definition of "forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. Any such statements are subject to risks
and uncertainties, including overall economic and market conditions,
federal, state and local government funding, competitors' and customers'
actions, and weather conditions, which could cause actual results to
differ materially from those anticipated, including those risks
identified in the Company's filings with the Securities and Exchange
Commission. Accordingly, such statements should be considered in light
of these risks. Any prediction by the Company is only a statement of
management's belief at the time the prediction is made. There can be no
assurance that any prediction once made will continue thereafter to
reflect management's belief, and the Company does not undertake to
update publicly its predictions or to make voluntary additional
disclosures of nonpublic information, whether as a result of new
information, future events or otherwise.

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