WATSONVILLE, Calif., Sept. 27 /PRNewswire-FirstCall/ Granite ConstructionCompany, a wholly owned subsidiary of Granite Construction Incorporated(NYSE: GVA), today announced that its Nevada Operations has been awarded a$24 million highway reconstruction project by the California Department ofTransportation (Caltrans).
The project encompasses a three-mile reconstruction of Interstate 80 nearthe California-Nevada border. Details include construction of a new concreteroadway in the exact alignment of the current roadway, as well as grading,drainage, and leveling to provide wider shoulders along the roadway.Granite’s Lockwood Quarry will supply a total of 40,000 tons of hot mixasphalt for this job. A portable concrete plant from Granite’s BartholomewConcrete Paving company will produce 40,000 cubic yards of concrete paving.
Work on the project will begin in April 2008 and is estimated to becomplete in September 2009.
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 4th 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
