Granite Awarded $59 Million Interstate Reconstruction Project in Northern California
WATSONVILLE, Calif.--(BUSINESS WIRE)--
Granite Construction Incorporated (NYSE:GVA) announced the award of a
$59 million contract by the California Department of Transportation to
reconstruct a section of Interstate 5 ("I-5") near Sacramento. Granite
booked the project into its first quarter 2011 backlog.
Scope of the project includes reconstruction of 17.2 miles of I-5 from
the San Joaquin County Line to Florin Road. The project also calls for
the addition of a new paved median, concrete barrier and pavement
rehabilitation using asphalt concrete and concrete pavement. The
majority of materials will be provided by Granite's Bradshaw, Elkhorn
and Capay facilities.
Work is estimated to begin in May 2011 and be completed by September of
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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