Granite Construction Awarded $181 Million Design/Build Highway Project in Texas
WATSONVILLE, Calif.--(BUSINESS WIRE)--
Granite Construction Incorporated (NYSE:GVA) announced today that it has
been issued notice to proceed on a $181 million contract by the North
Texas Tollway Authority to construct Section 6 of the new Chisholm Trail
Parkway. Granite will book the project into backlog during the fourth
quarter of 2011.
The project consists of extending State Highway 121 from Fort Worth,
Texas south 13 miles to Cleburne, Texas. The contract calls for the
construction of a divided two-lane tollway with passing lanes, ramps at
proposed cross streets, and 19 bridges. Scope of the work also includes
drainage elements, illumination, striping and signage, electronic
tolling, intelligent transportation systems, fencing, utility
relocation, guard rails, and landscaping.
Construction work is estimated to begin in March of 2012 and be
completed by April of 2014.
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.
In 2011, the Company was named one of the World's Most Ethical
Companies. For more information about Granite, please visit its website
Granite Construction Incorporated
Jacque Fourchy, 831-761-4741
Source: Granite Construction Incorporated
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