July 17, 2008

Granite Construction Awarded $26 Million Highway Contract in Utah

WATSONVILLE, Calif., July 17, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Granite Construction Incorporated (NYSE: GVA) announced today that Granite Construction Company, a wholly-owned subsidiary, was awarded a $26 million contract by the Utah Department of Transportation to reconstruct an existing one-mile section of Riverdale Road in Weber County. This is the fourth and final contract awarded to Granite for this project. The four awarded contracts totaled $40 million.

Located north of Salt Lake City, the one-mile project will include the addition of a new lane in both directions and the reconstruction of the bridge and Interstate 84 interchange. The majority of the bridge will be constructed off-site, limiting the impact to the traveling public. Scope of the project also includes the replacement of curbs, gutters and sidewalks, as well as new street lighting, signals and a storm drainage system.

Work on the project is currently underway with an estimated completion date of May 2009.

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 5th 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


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