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4-Traders Homepage  >  Equities  >  Irish Stock Exchange  >  CRH PLC    CRH   IE0001827041

CRH PLC (CRH)
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CRH : Grants, city to fund $2M airport rehab project

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11/10/2017 | 08:47pm CET

Nov. 10--The Claremore Regional Airport is receiving a much-needed repair soon now that grant funds are in place.

This week Claremore City Council awarded the airport runway and taxiway project to APAC-Central Inc.

Claremore Regional Airport'sEric Winn said a total of three bids were received and that the price tag on the project comes in at $2,280,266.05.

Winn said they will do a complete rehabilitation

of the runway and a crack-

fill and re-seal of the taxiway.

"The City of Claremore is responsible for five percent of this grant match, which is $120,232.75. The Oklahoma Aeronotics Commission chips in a five percent share and the Federal Aviation Administration does the other 90 percent," Winn said.

Claremore City Manager Jim Thomas said the city budgeted for their portion of the bill.

When asked how long it had been since a rehabilitation project has been done at the airport, Winn said, "We did a crack fill and re-seal on the runway in 2009 and that was about a five year band-aid."

Once work is underway Winn believes it will take 72 calendar days to complete the project.

___

(c)2017 the Claremore Daily Progress (Claremore, Okla.)

Visit the Claremore Daily Progress (Claremore, Okla.) at claremoreprogress.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials (€)
Sales 2017 27 567 M
EBIT 2017 2 197 M
Net income 2017 1 369 M
Debt 2017 4 687 M
Yield 2017 2,38%
P/E ratio 2017 17,24
P/E ratio 2018 14,15
EV / Sales 2017 1,03x
EV / Sales 2018 1,05x
Capitalization 23 808 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 35,3 €
Spread / Average Target 24%
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NameTitle
Albert Jude Manifold Chief Executive Officer, COO & Executive Director
Nicholas Hartery Chairman
Senan Murphy Group Finance Director & Executive Director
Heather Ann McSharry Independent Non-Executive Director
Donald A. McGovern Senior Independent Non-Executive Director
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