Granite Joint Venture Team Awarded $42 Million Highway Project in Northern California
WATSONVILLE, Calif.--(BUSINESS WIRE)--
Granite Construction Incorporated (NYSE: GVA) announced today that the
joint venture of Granite Construction Company and MCM Construction, Inc.
has been awarded a $42 million highway contract by the California
Department of Transportation for the construction of the San Juan Road
Interchange in Monterey County. Granite booked its 66% share, or
approximately $28 million, into backlog during the third quarter of 2012.
The project includes the construction of a new interchange and frontage
roads to improve public safety when entering and exiting Highway 101
north of Salinas. Granite's Salinas hot-mix asphalt plant will provide
the approximately 92,000 tons of asphalt pavement needed for the project.
Work is estimated to begin this month and be completed by the end of
Granite is one of the nation's leading infrastructure contractors and is
member of the S&P 400 Midcap Index, the FTSE KLD 400 Social Index and
the Russell 2000 Index. Through its wholly owned subsidiary, Granite is
one of the nation's largest diversified heavy civil contractors and
construction materials producers serving public- and private-sector
clients nationwide. In addition, Granite has one of the oldest and most
robust ethics and compliance programs in the industry. In 2012, the
Company was recognized by the Ethisphere Institute as one of the World's
Most Ethical Companies for the third year in a row. For more information
please visit www.graniteconstruction.com.
Granite Construction Incorporated
Jacque Fourchy, 831-761-4741
Source: Granite Construction Incorporated
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