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Granite Construction Bags New Contract from the California Department of Transportation

Jan 18 2011

Granite Construction Incorporated (NYSE: GVA) announced today that Granite Construction Company has been awarded a $29.5 million contract by the California Department of Transportation to construct a new four-lane highway on State Route 78 near the town of Brawley, approximately 100 miles south of Palm Springs in Southern California. Granite will book the project into backlog during the fourth quarter of 2010.

Work will begin with excavating the current road and prepping the surrounding area for the additional lanes. Granite will be using hot-mix asphalt and continuously reinforced concrete pavement to construct the four new lanes and a new overpass. The majority of materials will be provided by Granite’s Indio facility.

Work is estimated to begin February 2011 and be completed by June of 2012.

Source: http://www.graniteconstruction.com/

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