Construction bond, eagle construction company.
That’s the name of a new bond issued by Eagle Construction, the firm that built and constructed the Eagle Eagle Bridge over the Ohio River.
Eagle Construction is the only company to build and construct a bridge in the U.S. with an annual operating revenue of more than $100 million.
Construction bond is the largest bond issuance by a private construction company in Ohio.
In 2017, construction bond issued for the $150 million bridge exceeded the $50 million bond issued in 2015.
Eagle construction is part of a wave of construction companies coming into the state to help the state repair its aging bridges and bridge structures.
Construction companies are trying to make up for lost revenue through better infrastructure.
The Ohio State Department of Transportation says the average annual operating cost of bridge maintenance is $30 million.
Thats a far cry from the $120 million the bridge was expected to cost in 2020.
Construction bonds help bridge owners pay for bridge repairs, including repairs for structural problems and corrosion.
The bonds are set to be repaid over the next 20 years.
The first $15 million in bonds is expected to be paid out over a decade.
The remaining bonds will be repaid in 10 years.
The Ohio Department of Public Works says that the bond issue is the result of Eagle’s leadership in the construction industry, and the company has been working to improve infrastructure in the state.
“Eagle has demonstrated leadership in this sector, which is a good indicator of the quality of work Eagle is doing,” said John Zollman, the department’s chief bridge engineer.
“The bond issuance demonstrates Eagle’s commitment to the bridge project and the importance of the bridge in Ohio.”
Eagle Construction was one of several companies that were asked to help out the state in the wake of the fatal bridge collapse.
Other companies were called upon to help improve the bridge and repair the corroded concrete, and to create more sustainable materials.