WATSONVILLE, Calif., Aug 04, 2010 (BUSINESS WIRE) -- Granite Construction Incorporated (NYSE:GVA) announced today that Granite Construction Company and Pulice Construction, Inc. have been awarded an $85 million contract by the Arizona Department of Transportation to rehabilitate ten miles of State Route 202L in Maricopa County. Granite's share of the contract is 25 percent, or approximately $21 million. Granite will book the project into backlog during the third quarter of 2010.
Scope of the project includes constructing ten miles of HOV lanes in each direction, widening the SB Price Road Bridge and constructing two flyover bridges at the Interstate 10 and State Route 101 interchanges. Work will also include drainage improvements, retaining walls, electrical, utility relocations and landscaping.
Construction is estimated to begin September 2010 and will take approximately 14 months to complete.
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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