WATSONVILLE, Calif.--(BUSINESS WIRE)-- Third paragraph of release should read: Construction will begin in May 2016 and be completed in late 2017 (instead of Construction will begin in May 2016 and be completed in early 2017).
The corrected release reads:
GRANITE AWARDED $61 MILLION INTERSTATE REHABILITATION PROJECT IN CALIFORNIA
Granite Construction Incorporated (NYSE:GVA) announced today that it has been awarded a $61 million contract by Caltrans for the rehabilitation of Interstate 10 in Riverside County, California. Granite will book the project into backlog during the first quarter of 2016.
Scope of the contract includes the rehabilitation of approximately 31 miles of Interstate 10 between the cities of Coachella and Desert Center in the southern California desert. Over 1.6 million square yards of roadway will be cold milled and replaced with 576,000 tons of conventional hot-mix asphalt and 170,000 tons of rubber hot-mix asphalt. Granite will also perform the shoulder grading work.
Construction will begin in May 2016 and be completed in late 2017.
About Granite
Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE:GVA) is recognized as one of the largest diversified construction companies and construction materials producers in the U.S. Granite is an award-winning firm in safety, quality and environmental stewardship, and has been named one of the World's Most Ethical Companies 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160308005080/en/
Granite Construction Incorporated
Media Contact:
Jacque Fourchy, 831-761-4741
Investor Contact:
Ronald Botoff, 831-728-7532
Source: Granite Construction Incorporated
