Granite Awarded $441 Million Joint Venture Design-Build Transit Project in Washington D.C.
July 31 2017 - 8:30AM
Business Wire
Granite Construction Incorporated (NYSE:GVA) announced today
that the joint venture team comprised of Granite Construction
Company and Archer Western has been awarded the South Capitol
Street Corridor Phase 1 design-build contract by the District
of Columbia Department of Transportation. Granite will book its 50%
share of the $441 million joint venture project into
backlog during the second quarter of 2017.
The joint venture team will be responsible for the replacement
of the existing Frederick Douglass Memorial Bridge over the
Anacostia River in Washington, D.C. The scope of work includes the
construction of two new approach ovals and the reconstruction of a
portion of I-295 adjacent to the new bridge. When complete, the
bridge will have six lanes, and improved bicycle and pedestrian
facilities.
The project is designed to transform South Capitol Street into a
scenic boulevard with increased pedestrian and vehicular safety,
multimodal transportation options, community accessibility and
support economic development consistent with overall the Anacostia
Waterfront Initiative.
Construction is scheduled to begin in July 2017 and conclude in
December 2021.
About Granite
Through its offices and subsidiaries nationwide, Granite
Construction Incorporated (NYSE:GVA) is one of the nation’s largest
infrastructure contractors and construction materials producers.
Granite specializes in complex infrastructure projects, including
transportation, industrial and federal contracting, and is a proven
leader in alternative procurement project delivery. Granite is an
award-winning firm in safety, quality and environmental
stewardship, and has been honored as one of the World’s Most
Ethical Companies by Ethisphere Institute for eight consecutive
years. Granite is listed on the New York Stock Exchange and is part
of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and
the Russell 2000 Index. For more information,
visit graniteconstruction.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170731005296/en/
Granite Construction IncorporatedMediaJacque Fourchy,
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