Southland Awarded RFK Bridge Rehab & Other New Projects Totaling $470 Million
Southland Holdings, Inc. (NYSE:SLND) ("Southland") announced today that it has been awarded approximately $470 million of the following new awards which will be included in fourth quarter 2023 backlog:
- Robert F. Kennedy Bridge rehab design-build project in New York, New York for the Metropolitan Transportation Authority ("MTA"). A Southland subsidiary, American Bridge Company, has approximately an 80% share in the joint venture awarded this contract. The scope of work includes rehabilitation of the East River suspended spans and anchorages, main cable dehumidification, replacement of the shared use path, replacement of the median barrier, miscellaneous deck repairs, and painting. American Bridge constructed the original bridge, formerly known as the Triborough Bridge, in 1936.
- San Francisco – Oakland Bay Bridge main cable and suspender ropes rehab project in San Francisco, California for the California Department of Transportation through subsidiary, American Bridge Company. An American Bridge led joint venture completed construction of the Bay Bridge in 2014.
- Cedar Crest Tunnel project in Dallas, Texas for the City of Dallas through subsidiary, Southland Contracting. The scope of work consists of installation of up to 84" of steel water pipe by tunnel.
- Various water resource awards through subsidiary, Oscar Renda Contracting.
About Southland
Southland is a leading provider of specialized infrastructure construction services. With roots dating back to 1900, Southland and its subsidiaries form one of the largest infrastructure construction companies in North America, with experience throughout the world. The company serves the bridges, tunneling, communications, transportation and facilities, marine, steel structures, water and wastewater treatment, and water pipeline end markets. Southland is headquartered in Grapevine, Texas. For more information, please visit Southland's website at www.southlandholdings.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on Southland's current beliefs, expectations and assumptions regarding the future of Southland's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Southland's control. Southland's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by Southland in this press release is based only on information currently available to Southland and speaks only as of the date on which it is made. Southland undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
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