Granite Construction Incorporated (NYSE: GVA) announced today that it
has been awarded a $36 million road and bridge project by the Alaska
Department of Transportation. Granite expects to book the project into
backlog during the first quarter of 2014.
This multiphase infrastructure improvement project includes creating a
new East-West corridor by extending Dowling Road within the Anchorage
city limits as well as construction of a new bridge over the Alaska
Railroad lines and Arctic Avenue. Scope of the work also includes soil
stabilization improvements, retaining walls, 800,000 tons of imported
gravel borrow, 230,000 cubic yards of excavation, utility improvements,
two new signalized intersections, multi-use pathways, and landscaping
amenities.
Construction is scheduled to start in April 2014 and is estimated to be
complete by November 2015.
About Granite
Through its offices and subsidiaries nationwide, Granite Construction
Incorporated (NYSE: GVA) is one of the nation’s largest infrastructure
contractors and construction materials producers. Recognized as one of
the top 25 largest construction companies in the U.S., 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 four years in a row. For more information,
visit www.graniteconstruction.com.
Copyright Business Wire 2014