Granite Subsidiary Awarded $46 Million Shared Use Path Project in Chicago
December 03 2018 - 5:30PM
Business Wire
Granite (NYSE:GVA) announced today that its wholly-owned
subsidiary, Kenny Construction Company (“Kenny”), has been awarded
a $46 million contract by the City of Chicago for the Navy Pier
Flyover’s Lakefront Trail Project Phase III in Chicago, Illinois.
The contract will be included in Granite’s fourth quarter 2018
backlog.
This project is in the final phase of construction for the Navy
Pier Flyover multi-use path which will reduce congestion and
improve safety for bicyclists and pedestrians near Navy Pier and
Oak Street Beach. Construction of Phase III begins at the southern
limits of the Phase II project, also being constructed by Kenny,
and extends through the existing bridge houses and across the
Chicago River alongside the iconic Lake Shore Drive bascule bridge.
The scope of work includes structural and mechanical rehabilitation
of the existing bascule bridge, structural and architectural
modifications to the bridge houses, installation of new dolphin
structures and micropile deep foundations, as well as bridge
painting.
Construction is scheduled to begin in December 2018 and conclude
in summer 2020. For more information visit Navy Pier Flyover
Project website.
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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version on businesswire.com: https://www.businesswire.com/news/home/20181203005875/en/
MediaJacque Fourchy 831-761-4741InvestorsRonald Botoff
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