Although the company formerly hired to build the new Ledyard bridge has declared bankruptcy, construction on the project is still scheduled to be completed this fall.
Midway Construction, which left the bridge halfway completed when it filed for bankruptcy last fall, has turned the project over to its subcontractor, Moores Marine Construction.
Jack Smith, the contract administrator for Moores Marine, said the construction is approximately 75 percent completed and will be finished this November.
"There was virtually no time lost," Smith said of the changeover. Because Moores Marine had already been working on the steel structure of the bridge, the company was able to continue working with a minimal amount of delay.
Nearly all of the traffic-clogging roadwork on West Wheelock Street leading to the bridge is scheduled to be completed this June. Construction on the sidewalk and driveways of residents on the street will continue into the summer.
In addition, Moores Marine has hired a new subcontractor, Morrill Construction.
"We do the dirt work," a Morrill representative said.
Midway's default left them owing the town of Hanover and Moores Marine nearly $1 million.
Also, Midway incurred debts of $50,000 to the town of Hanover for traffic control provided by police officers, according to Bill Boynton, a New Hampshire Department of Transportation officer.
Due to the Ledyard project's high cost of $11.2 million, the contractor is required to be insured by a business that will guarantee that the project will be completed.
Travelers Insurance, a Hartford, Conn.-based company, had insured Midway. A representative for Travelers could not be reached for comment.
