Granite Awarded $52 Million Highway Project in Southern California
WATSONVILLE, Calif.--(BUSINESS WIRE)--
Granite Construction Incorporated (NYSE:GVA) announced today that it has
been awarded a $52 million contract by the California Department of
Transportation to widen approximately six miles of the existing US
Highway 101. Granite will book the project into backlog during the first
quarter of 2012.
This project continues the efforts to widen the critical Route 101
between Santa Barbara and Ventura counties. In addition, the project
will provide the neighboring community with a safe bike passageway and
The scope of work includes concrete and asphalt paving, concrete
barriers, bridge widening, earthwork and guardrail installation.
Granite's Santa Paula quarry will supply the 26,000 tons of hot-mix
asphalt needed for the project.
Construction is estimated to begin in the first quarter of 2012 and be
completed in the second quarter 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 Ethisphere Institute named Granite one of the World's Most
Ethical Companies. For more information about Granite, visit graniteconstruction.com.
Granite Construction Incorporated
Jacque Fourchy, 831-761-4741
Source: Granite Construction Incorporated
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