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$138 Million California Highway Reconstruction Project Awarded to Granite Construction Company

Sep 11 2007

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Granite Construction Company, a wholly owned subsidiary of Granite Construction Incorporated announced that its Bay Area Branch, in a joint venture with FCI Constructors, Inc., has been awarded a $138 million project by the California Department of Transportation for the reconstruction of the Route 92/880 freeway interchange in Hayward, California. Granite's portion of the contract is 43%, or approximately $60 million.

The joint venture team will construct over eight bridges, as well as a modernized interchange, retaining walls, new storm water pump station and all associated roadwork. The project also includes complete demolition of the existing interchange.

Work on the project will begin in October 2007 and is estimated to be completed by December 2010.

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