Granite Subsidiary Awarded $39 Million Interstate Improvement Contract in Chicago
July 10 2018 - 5:30PM
Business Wire
Granite (NYSE:GVA) announced today that Kenny Construction
Company, a wholly-owned subsidiary, has been awarded a $39 million
interstate improvement contract by the Illinois Department of
Transportation (IDOT) for the Westbound I-90 project in Chicago,
Illinois. The contract will be included in Granite’s second quarter
2018 backlog.
Scope of work includes the construction of an auxiliary lane
between Canfield Road and Harlem Avenue, a westbound
collector-distributor roadway, ramp modifications at Cumberland
Avenue, Canfield Road, and Harlem Avenue interchanges to tie into
the widened mainline pavement, six new retaining walls and repairs
to five existing retaining walls; reconstruction of the existing
retaining wall at the westbound Canfield Road exit ramp due to a
realignment of the ramp; and resurfacing of westbound mainline I-90
from I-190 to Harlem Avenue.
I-90 is a major east-west transportation route and link in the
nation’s transportation system. The section of I-90 between
Chicago-O’Hare International Airport and the City of Chicago’s
central business district plays an essential role in moving people
and goods on a regional and local level within Illinois. I-90 also
provides a direct connection to Chicago-O’Hare International
Airport via I-190. The Westbound I-90 project runs from I-190 to
the westbound Harlem Avenue entrance ramp.
Construction is scheduled to begin in summer 2018 and conclude
in summer 2020.
About Granite
Through its offices and subsidiaries nationwide, Granite
Construction Incorporated (NYSE: GVA) is a full-suite provider in
the transportation, water infrastructure and mineral exploration
markets. Granite, America’s Infrastructure Company, 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 nine 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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GraniteMediaJacque Fourchy, 831-761-4741orInvestorsRonald
Botoff, 831-728-7532
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