Granite Awarded $41 Million Rail Relocation Project in Northern California
WATSONVILLE, Calif.--(BUSINESS WIRE)--
Granite Construction Incorporated (NYSE:GVA), one of the nation's
largest infrastructure contractors, announced the award of a $41 million
rail relocation project by the City of Sacramento. Granite booked the
project into its first quarter 2011 backlog.
Located in downtown Sacramento, the Railyards project includes the
relocation of approximately 2.3 miles of heavy rail track, major utility
infrastructure and site improvements, construction of multiple access
tunnels for pedestrians and service vehicles as well as new passenger
tracks and platforms. The project is part of a 245-acre redevelopment
effort designed to improve connectivity in downtown Sacramento in
preparation for future expansion plans including residential and
Work is estimated to begin in May 2011 and be completed by December
2012. For more information, visit www.sacramentorailyards.com.
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.
For more information about Granite, please visit its website at graniteconstruction.com.
Granite Construction Incorporated
Jacque Fourchy, 831-761-4741
Source: Granite Construction Incorporated
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