Primoris Awarded Contracts Valued Over $520 Million in Energy/Renewables Segment

Source: www.gulfoilandgas.com 11/29/2021, Location: North America

Primoris Services Corporation announced two heavy civil awards with a combined value of more than $520 million. The Gulf Coast projects, secured by the Company’s Energy/Renewables Segment, were awarded by the Louisiana Department of Transportation and Development.

The first project, valued at more than $60 million, involves construction of a section of highway on LA 3241. It is scheduled to commence in the fourth quarter of 2021 with completion expected in the second quarter of 2023.

The second project, valued at $460 million, involves construction of a section of elevated highway on LA 1. It is scheduled to commence in the first quarter of 2022 with completion expected in the fourth quarter of 2027.

“These projects, which were discussed in our recent earnings call, add a steady stream of heavy civil work to our Energy/Renewables backlog all the way into 2027,” said Tom McCormick, President and Chief Executive Officer of Primoris. “Additionally, we were involved in the original construction of LA 1, so we are very familiar with the scope and complexity of this project.”


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