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WATSONVILLE, Calif., Oct 11, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Granite Construction Company, a wholly owned subsidiary of Granite Construction Incorporated (NYSE: GVA), today announced that it has been awarded a $44 million highway rehabilitation project by the California Department of Transportation near Essex, CA. Work on the project will be completed by Granite's Southern California and Santa Barbara Branches.
Scope of the work includes the rehabilitation and asphalt overlay of 30 miles of Interstate 40, from post marker 89 to post marker 119. The project will utilize over 395,000 tons of conventional asphalt concrete.
Work on the project will begin in Spring 2008 and is estimated to be completed by December 2008.
About Granite
Granite Construction Incorporated is a member of the S&P 400 Midcap Index, the Domini 400 Social Index and the Russell 2000. 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 the 4th straight year, Granite was named to FORTUNE'S List of 100 Best Companies to Work For. For more information about Granite, please visit their website at http://www.graniteconstruction.com.
SOURCE Granite Construction Incorporated
http://www.graniteconstruction.com
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