WATSONVILLE, Calif., Oct 29, 2008 (BUSINESS WIRE) -- Granite Construction Incorporated (NYSE:GVA) today announced that Granite Construction Company, a wholly-owned subsidiary, was awarded a $44 million contract by the California Department of Transportation to rehabilitate approximately 12 miles of Interstate 80 in Placer County, located 50 miles northeast of Sacramento.
Scope of the work includes approximately 110,000 cubic yards of roadway excavation, 215,000 tons of asphalt concrete and 60,000 linear feet of concrete barriers.
Work on the project is scheduled to begin in April 2009 and is estimated to be completed by October 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 5th 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 www.graniteconstruction.com.
SOURCE: Granite Construction Incorporated
For Granite Construction Incorporated Jacque Fourchy, 831-761-4714 (Investors)
Copyright Business Wire 2008
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