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Granite Awarded $128 Million Highway Realignment Project in California

GVA | July 27, 2016

Granite Awarded $128 Million Highway Realignment Project in California

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.

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. 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.