WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) announced today that Granite Construction Company has been awarded a $29.5 million contract by the California Department of Transportation to construct a new four-lane highway on State Route 78 near the town of Brawley, approximately 100 miles south of Palm Springs in Southern California. Granite will book the project into backlog during the fourth quarter of 2010.
Work will begin with excavating the current road and prepping the surrounding area for the additional lanes. Granite will be using hot-mix asphalt and continuously reinforced concrete pavement to construct the four new lanes and a new overpass. The majority of materials will be provided by Granite's Indio facility.
Work is estimated to begin February 2011 and be completed by June of 2012.
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 website at www.graniteconstruction.com.
Source: Granite Construction Incorporated