WATSONVILLE, Calif., June 25, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Granite Construction Incorporated (NYSE: GVA) announced today that Granite Construction Company, a wholly owned subsidiary, has been awarded a $37 million contract by the Texas Department of Transportation for the construction of a freeway in Lubbock, Texas.
Under the contract, Granite will convert approximately two miles of existing roadway to freeway. Scope of the project also includes excavation, embankment, asphalt and concrete paving, as well as the construction of retaining walls, bridge structures, drainage, signage and erosion control.
The project is scheduled to begin in the fall of 2007 and estimated to be completed by mid-2009.
Granite Construction Incorporated is a member of the S&P 400 Index, the Domini 400 Social Index and is the parent company of Granite Construction Company, one of the nation's largest heavy civil contractors and construction materials producers. Granite Construction Company serves both public and private sector clients through its offices nationwide. For the 4th straight year, Granite was named to FORTUNE'S List of 100 Best Companies to Work For. To obtain more information about the company, please visit their website at http://www.graniteconstruction.com.
SOURCE Granite Construction Incorporated
Jacque Underdown, +1-831-761-4741, for Granite Construction Incorporated
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