Granite Awarded $28 Million Light Rail Sub-Contract in Washington

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE:GVA) announced today that it has been awarded a $28 million design-build light rail sub-contract by Hensel Phelps for the Operations & Maintenance Facility East (OMF East) project in Bellevue, Washington. The contract will be included in Granite’s third quarter 2017 backlog.

The OMF East project is part of the light rail improvements for Sound Transit’s growing public transit network and will serve as a fully functional light rail maintenance and operations facility for the storage and maintenance of 96 light rail vehicles. Granite's scope of work includes site demolition, site grading, installation of utilities, construction of a pedestrian trail, and asphalt paving for the facility covering approximately 28 acres.

Construction is scheduled to begin in late 2017 and is scheduled to be complete by late 2020. For more information visit the Sound Transit 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 eight 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.

Granite Construction Incorporated
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Jacque Fourchy, 831-761-4741
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Ronald Botoff, 831-728-7532

Source: Granite Construction Incorporated