WATSONVILLE, Calif., Sep 29, 2009 (BUSINESS WIRE) -- Granite Construction Incorporated (NYSE:GVA) today announced that a joint venture team comprised of Granite Construction Northeast Inc., Traylor Bros. and Frontier-Kemper Constructors, Inc., has been awarded a $659 million contract by the MTA Capital Construction ("MTACC") to build the Queens Bored Tunnels and Structures for Long Island Rail Road's ("LIRR") East Side Access project in New York. In conjunction with the award, the MTACC also issued a full notice to proceed on the project. Granite's 42.5% share of the contract will be booked into third quarter 2009 backlog.
The Queens Bored Tunnels and Structures contract is part of the LIRR's East Side Access project and is the last major link in the tunnels from Queens to Grand Central Terminal in Manhattan. When completed, the East Side Access project will bring Long Island Rail Road service, the busiest commuter railroad in the country, into New York's Grand Central Terminal providing a direct route between Long Island and eastern Queens to Manhattan's eastside.
Scope of the work includes the excavation and the precast concrete lining of four bored tunnels beneath an active rail storage yard. Totaling over 10,000 linear feet or nearly two miles in length and approximately twenty-two feet in diameter, the tunnels will be excavated utilizing two tunnel boring machines, each weighing more than 500 tons. The work also includes the excavation of three emergency exit structures, underpinning of existing bridges and the demolition of various rail yard buildings. Work on the project will begin immediately and is estimated to take 42 months to complete.
About Traylor Bros., Inc.
Founded in 1946 in Evansville, Indiana, Traylor Bros., Inc. is a family-owned heavy civil construction company focusing on bridges, tunnels, dams, ports, storm sewers, and water transmission. For more information, please visit their website at www.traylor.com.
About Frontier-Kemper Constructors, Inc.
Currently headquartered in Evansville, Indiana, Frontier-Kemper Constructors, Inc. is a general contractor specializing in heavy civil and mining underground construction. The company is wholly owned by Deilmann-Haniel International Mining and Tunneling GmbH.
Granite Construction Northeast, Inc. and Granite Construction Company are wholly-owned subsidiaries of Granite Construction Incorporated. Through its subsidiaries, Granite is one of the nation's largest diversified transportation contractors and construction materials producers serving public and private sector clients nationwide. Granite Construction Incorporated is a member of the S&P 400 Midcap Index, the Domini 400 Social Index and the Russell 2000. For more information about Granite, please visit their website at www.graniteconstruction.com.
SOURCE: Granite Construction Incorporated
Granite Construction Incorporated
Jacque Fourchy, 831-761-4714
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