Granite Construction Awarded $44 Million Highway Rehabilitation Project in California

WATSONVILLE, Calif.--(BUSINESS WIRE)--

Granite Construction Incorporated (NYSE:GVA) today announced thatGranite Construction Company, a wholly-owned subsidiary, was awarded a$44 million contract by the California Department of Transportation torehabilitate approximately 12 miles of Interstate 80 in Placer County,located 50 miles northeast of Sacramento.

Scope of the work includes approximately 110,000 cubic yards ofroadway excavation, 215,000 tons of asphalt concrete and 60,000 linearfeet of concrete barriers.

Work on the project is scheduled to begin in April 2009 and isestimated to be completed by October 2009.

About Granite

Granite Construction Incorporated is a member of the S&P 400Midcap Index, the Domini 400 Social Index and the Russell 2000.Granite Construction Company, a wholly owned subsidiary, is one of thenation’s largest diversified heavy civil contractors and constructionmaterials producers. Granite Construction Company serves public andprivate sector clients through its offices and subsidiariesnationwide. For the 5th straight year, Granite was named to FORTUNE’SList of 100 Best Companies to Work For. For more information aboutGranite, please visit their website at www.graniteconstruction.com.

Source: Granite Construction Incorporated