WATSONVILLE, Calif., Sept 27, 2007 /PRNewswire via COMTEX News Network/ -- WATSONVILLE, Calif., Sept. 27 /PRNewswire-FirstCall/ Granite Construction Company, a wholly owned subsidiary of Granite Construction Incorporated (NYSE: GVA), today announced that its Nevada Operations has been awarded a $24 million highway reconstruction project by the California Department of Transportation (Caltrans).
The project encompasses a three-mile reconstruction of Interstate 80 near the California-Nevada border. Details include construction of a new concrete roadway in the exact alignment of the current roadway, as well as grading, drainage, and leveling to provide wider shoulders along the roadway. Granite's Lockwood Quarry will supply a total of 40,000 tons of hot mix asphalt for this job. A portable concrete plant from Granite's Bartholomew Concrete Paving company will produce 40,000 cubic yards of concrete paving.
Work on the project will begin in April 2008 and is estimated to be complete in September 2009.
Granite Construction Incorporated is a member of the S&P 400 Midcap Index, the Domini 400 Social Index and the Russell 2000. Granite Construction Company, a wholly owned subsidiary, is one of the nation's largest diversified heavy civil contractors and construction materials producers. Granite Construction Company serves public and private sector clients through its offices and subsidiaries nationwide. For the 4th straight year, Granite was named to FORTUNE'S List of 100 Best Companies to Work For. For more information about Granite, please visit their website at http://www.graniteconstruction.com.
SOURCE Granite Construction Incorporated
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