Granite Joint Venture Awarded $275 Million Highway Construction Project in Sacramento
June 18 2019 - 5:30PM
Business Wire
Granite (NYSE:GVA) announced today that the joint venture team
comprised of Granite and Teichert, Inc. has been awarded a $275
million contract by the California Department of Transportation
(Caltrans) for the SAC 5 Corridor Enhancement Project in
Sacramento, California. Granite will book its 50 percent share of
the $275 million joint venture project into its second quarter 2019
backlog.
The project will rehabilitate 67 lane miles of Interstate 5
(I-5) beginning south of the Elk Grove Boulevard Overcrossing and
extending to the American River Viaduct. Scope of works includes
adding 23 miles of High Occupancy Vehicle lanes, eight maintenance
vehicle pullouts, two sound walls, replacement of a pedestrian
overcrossing and installation of fiber optic lines. In addition,
the team intends to recycle existing concrete pavement and other
materials onsite to reduce waste and cost as well as minimize truck
haul trips.
Construction is scheduled to begin in fall 2019 and be completed
by fall 2021. For more information on the project visit the SAC 5
Corridor Enhancement Project page.
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 ten 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, and connect with Granite on LinkedIn,
Twitter, Facebook and Instagram.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190618005865/en/
Granite ContactsMediaJacque Fourchy 831-761-4741
InvestorsLisa Curtis 831-728-7532
Granite Construction (NYSE:GVA)
Historical Stock Chart
From Apr 2024 to May 2024
Granite Construction (NYSE:GVA)
Historical Stock Chart
From May 2023 to May 2024