WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) announced today that Granite Construction Company has been awarded a $29 million roadway pavement rehabilitation and reconstruction contract by the United States Department of the Interior Bureau of Indian Affairs. The project is located on the Navajo Nation reservation in New Mexico and funded by the American Recovery and Reinvestment Act. Granite will book the project into backlog during the third quarter of 2010.
Scope of the work includes pavement rehabilitation of approximately 62 miles of rural highway. The project will be divided into six sections spread out over 100 miles in San Juan and McKinley Counties.
Work is estimated to begin August 2010 and will take approximately 11 months to complete. For more information, please visit the Department of the Interior's Recovery Investments Web site at http://recovery.doi.gov/.
About Granite
Granite Construction Incorporated is a member of the S&P 400 Midcap Index, the FTSE KLD 400 Social Index and the Russell 2000 Index. Granite Construction Company, a wholly owned subsidiary, is one of the nation's largest diversified heavy civil contractors and construction materials producers. Granite Construction Company serves public- and private-sector clients through its offices and subsidiaries nationwide. For more information about Granite, please visit its Web site at www.graniteconstruction.com.
Source: Granite Construction Incorporated