- Sterling Infrastructure ( NASDAQ: STRL ) announced Wednesday it has secured $45M site development contract for Rivian's ( RIVN ) new electric vehicle facility in Georgia.
- The contract to Sterling's e-infra subsidiary Plateau Excavation was awarded by The Joint Development Authority of Jasper, Morgan, Newton and Walton Counties in Georgia. Its 500-acre of first two phases are located in the East Atlanta Megasite for the Rivian EV plant.
- The company told project is scheduled to run from September 2022 through July 2023.
- "We are honored to be awarded this noteworthy project that is the single largest industrial investment in Georgia’s history," noted Sterling's CEO Joe Cutillo.
- Earlier: Sterling Infrastructure unit gets $31M highway reconstruction project
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Sterling Infrastructure secures $45M development project in Georgia, expands Rivian's EV facility