WATSONVILLE, Calif., July 2 /PRNewswire-FirstCall/ -- Granite ConstructionIncorporated (NYSE: GVA) announced today that Granite Construction Company, awholly-owned subsidiary, was awarded a $39.2 million contract by theCalifornia Department of Transportation to widen an existing 10-mile stretchof Highway 395 in Inyo County.
Granite’s work on the state highway in Central California will include theconstruction of two new lanes and the rehabilitation of the two existinglanes. In addition, Granite will also construct a single-span, concretebridge, measuring 61 meters long and 12.6 meters wide. The scope of theproject includes approximately 228,000 cubic meters of earthwork andapproximately 153,000 tons of asphalt concrete.
Granite is scheduled to begin work in September, 2008 with an estimatedcompletion date of June, 2010.
About Granite
Granite Construction Incorporated is a member of the S&P 400 Midcap Index,the Domini 400 Social Index and the Russell 2000. Granite ConstructionCompany, a wholly owned subsidiary, is one of the nation’s largest diversifiedheavy civil contractors and construction materials producers. GraniteConstruction Company serves public and private sector clients through itsoffices and subsidiaries nationwide. For the 5th straight year, Granite wasnamed to FORTUNE’S List of 100 Best Companies to Work For. For moreinformation about Granite, please visit their website athttp://www.graniteconstruction.com.
SOURCE Granite Construction Incorporated
