Granite Construction Incorporated (NYSE:GVA) announced today that is has
been awarded a $128 million Construction Manager/General Contractor
(CM/GC) contract from the California Department of Transportation for
the California State Route 99 realignment project in Fresno, California.
The project will be booked into second quarter 2016 backlog.
Scope of work includes construction of a reconfigured interchange,
overhead structures and infrastructure to accommodate the high-speed
rail system between the existing freeway and the Union Pacific Railroad.
The scope of work also includes re-routing of local streets to
accommodate the realigned freeway and relocation of utilities to support
the project. This project follows an initial $28 million early work
scope contract that began construction in December 2015.
Funding for the project is provided by the California High Speed Rail
Authority. Work is scheduled to be complete by September 2018. For more
information visit the State
Route 99 Realignment Project website.
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
seven 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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