Granite Comments on California Proposition 6 Ballot Measure
November 07 2018 - 9:24AM
Business Wire
Granite Construction Incorporated (NYSE: GVA) today issued
a statement following rejection of the Proposition 6 ballot measure
in California:
“By rejecting Proposition 6, California voters delivered a loud
and clear message that transportation infrastructure is a
priority,” said Granite President and Chief Executive Officer James
H. Roberts. “Voters have expressed their will, and SB-1 funding
will be used to fund bridge and road safety, transportation and
public transit improvement projects across the state.
“Although SB-1 funding represents the most important action in
nearly a quarter century to improve the quality of roads, streets
and bridges across the state, more work needs to be done.
California’s roads and freeways were once the envy of the nation.
Chronic underinvestment in infrastructure in the state has changed
that. At the local, state and national levels, there is agreement
that current infrastructure funding must increase. Today, we expect
to be an important player in rebuilding and modernizing the
California transportation system, making conditions safer for the
traveling public and improving the efficiency of our corridors of
commerce. We now look forward to Washington D.C. passing
bi-partisan legislation in 2019 to provide sustainable federal
funding for the Federal Highway Trust Fund.”
Roberts concluded: “Granite’s nearly century-old roots are in
California, and we are committed to growing our business here. Our
more than 2,800 California employees remain focused on the
execution of diverse growth plans across the state. We are
confident that our deliberate, bottom-line focus is sound,
practical and strategic. With solid demand trends across our
business, we are confident that our approach will create
significant top- and bottom-line value over the next few quarters
and years, especially considering healthy near- and long-term
public- and private-market demand.”
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
www.graniteconstruction.com.
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