Granite Awarded $39 Million Mid-City Centerline Transit Project in San Diego

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE:GVA) announced today that it has been awarded a $39 million contract by the San Diego Association of Governments (SANDAG) to construct new bus rapid transit stations along State Route 15 at El Cajon Boulevard and University Avenue in San Diego County. Granite will book the project into backlog during the second quarter.

Scope of the Mid-City Centerline project consists of the addition of three miles of new dedicated transit lanes, four new bus rapid transit station platforms in the freeway median, plaza bridge entrances and ramp intersection improvements. This project supports an integrated Rapid transit network that provides high frequency services seven days a week to riders.

Funding for the project is provided by the Federal Transit Administration and TransNet, the regional half-cent sales tax for transportation administered by SANDAG. Construction is underway and will take approximately two years to complete. For more information visit KeepSanDiegoMoving.com.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE:GVA) is one of the nation’s leading 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 six consecutive years. For more information, visit www.graniteconstruction.com.

Granite Construction Incorporated
Media Contact:
Jacque Fourchy, 831-761-4741
Investor Contact:
Ronald Botoff, 831-728-7532

 

Source: Granite Construction Incorporated