Granite Construction Awarded $23 Million Highway Project in California
WATSONVILLE, Calif.--(BUSINESS WIRE)--
Granite Construction Incorporated (NYSE:GVA) announced today that
Granite Construction Company has been awarded a $23 million contract by
Caltrans to rehabilitate approximately four miles of Highway 99 through
Madera in the Central San Joaquin Valley. Granite will book the project
into its second quarter 2011 backlog.
The scope of the project will consist of the rehabilitation of Highway
99 using asphalt and concrete paving as well as improvements to existing
electrical, signage, striping and guard rails.
This is the first project to be awarded under Caltrans' Design-Build
Demonstration Program, a pilot program for the design-build method of
procurement by California's regional and state transportation agencies.
For more information, please visit Caltrans' website at www.dot.ca.gov/hq/oppd/designbuild.
Design work on the project is currently underway and construction work
is expected to be complete by spring 2013.
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 www.graniteconstruction.com.
Granite Construction Incorporated
Jacque Fourchy, 831-761-4741
Source: Granite Construction Incorporated
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