WATSONVILLE, Calif., Jul 13, 2010 (BUSINESS WIRE) -- Granite Construction Incorporated (NYSE: GVA) announced today that Granite Construction Company has been awarded a $78 million contract by the Peninsula Corridor Joint Powers Board of Caltrain for a rail project approximately 10 miles south of San Francisco in San Bruno, CA.
The scope of the work consists of elevating Caltrain's two mainline rails from South Linden Avenue to Scott Street with bridges over San Bruno, San Mateo and Angus Avenues to accommodate uninterrupted traffic at these intersections. Work will also include a new San Bruno station, reconstruction of surface streets, a new pump station and extensive signalization and communication systems for the new alignment.
Work is estimated to begin in October 2010 and be completed by 2012. For more information, please visit Caltrain's Web site at www.caltrain.com.
Granite Construction Incorporated is a member of the S&P 400 Midcap Index, the FTSE KLD 400 Social Index and the Russell 2000 Index. 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 more information about Granite, please visit its Web site at www.graniteconstruction.com.
SOURCE: Granite Construction Incorporated
Granite Construction Incorporated
Jacque Fourchy, 831-761-4741
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