Aug 5 2010
Granite Construction Incorporated (NYSE:GVA) announced today that Granite Construction Company and Pulice Construction, Inc. have been awarded an $85 million contract by the Arizona Department of Transportation to rehabilitate ten miles of State Route 202L in Maricopa County.
Granite’s share of the contract is 25 percent, or approximately $21 million. Granite will book the project into backlog during the third quarter of 2010.
Scope of the project includes constructing ten miles of HOV lanes in each direction, widening the SB Price Road Bridge and constructing two flyover bridges at the Interstate 10 and State Route 101 interchanges. Work will also include drainage improvements, retaining walls, electrical, utility relocations and landscaping.
Construction is estimated to begin September 2010 and will take approximately 14 months to complete.
Source: http://www.graniteconstruction.com/