Granite Awarded $36 Million Site Development Project in California

Released: 06.08.17 Back

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE:GVA) announced today that it has been awarded a $36 million contract by the California Department of Transportation ("Caltrans") for the Interstate 15 Agriculture Inspection Station project in Nipton, California near the Nevada/California border. Granite will book the contract into its second quarter 2017 backlog.

Granite is responsible for earthwork, asphalt paving, bridge work, concrete paving, and the construction of five buildings along with related landscaping, striping, guardrail and fencing. This new facility is the second phase of the Joint Port of Entry Project serving incoming traffic on southbound Interstate 15 into California.

Construction is scheduled to begin in the third quarter of 2017 and is scheduled to be complete by second quarter of 2018.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE:GVA) is one of the nation’s largest infrastructure contractors and construction materials producers. Granite specializes in complex infrastructure projects, including transportation, industrial and federal contracting, and is a proven leader in alternative procurement project delivery. Granite is an award-winning firm in safety, quality and environmental stewardship, and has been honored as one of the World’s Most Ethical Companies by Ethisphere Institute for eight consecutive years. Granite is listed on the New York Stock Exchange and is part of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell 2000 Index. For more information, visit graniteconstruction.com.

Granite Construction Incorporated
Media
Jacque Fourchy, 831-761-4741
Investors
Ronald Botoff, 831-728-7532

Source: Granite Construction Incorporated