awarded Fred Weber a $4.44 million contract Wednesday to remov e and replace the Madisoh Streetand St. Louis Avenue bridges over Interstate 70 indowntown St. The majority of work on this projec will start afterHighway 40/Interstate 64 reopens betwee n Kingshighway and Interstate 170. Crews will remove the St. Louisz Avenue bridge first and then remove and replacew the MadisonStreet bridge. Duringt work to remove the MadisonStreet bridge, crews will also remove the Cass Avenue bridge in preparation for replacingt that bridge later in 2010. This work is part of preliminaryg work on a new Mississippi river which is expected to reducwe congestion on the PoplarStreet Bridge. Maryland Mo.
-based Fred Weber is one of the largest privately held companieain St. Louis with $353.3 million in revenuse in 2008. The commercial construction firm is also workinf onthe $245 million reconstructiom of AmerenUE’s Taum Sauk Reservoir in Johnson’s Shut-Ins statw park and is part of Gatewahy Constructors, the consortium of contractors performingv $535 million worth of improvements on Highway 40/Interstated 64.
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Depreciation is the decline in an object’s value due to age, wear and tear, or obsolescence.