Granite Subsidiary Awarded $23 Million Bridge Reconstruction Project in Chicago

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE:GVA) announced today that Kenny Construction Company (“Kenny”), a wholly-owned subsidiary, has been awarded a $23 million bridge reconstruction contract by the Illinois Department of Transportation related to the Jayne Byrne Interchange Project in Chicago, Illinois. Granite will book the project into backlog during the third quarter of 2016.

Formerly known as the Circle Interchange, the Jayne Byrne Interchange is located in the heart of downtown Chicago, adjacent to the west end of the central business district. As part of the larger $400 million reconstruction project underway, Kenny will be responsible for the rehabilitation and reconstruction of westbound I-290, including the rehabilitation of a portion of the Congress Viaduct, the reconstruction of westbound I-290 over I-90/94 and the reconstruction of the westbound Canal Street entrance ramp.

Scope of the work for this contract includes removing and replacing the bridge, paving, pavement marking and retaining wall construction. Work also includes relocation of existing storm sewers and utilities, installation of new traffic signage, roadway lighting, and an intelligent transportation system.

Construction of the two-year project is scheduled to begin in the third quarter of 2016. For more information visit the Jane Byrne Interchange website.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE:GVA) is one of the nation’s largest infrastructure contractors and construction materials producers. Granite specializes in complex infrastructure projects, including transportation, industrial and federal contracting, and is a proven leader in alternative procurement project delivery. Granite is an award-winning firm in safety, quality and environmental stewardship, and has been honored as one of the World’s Most Ethical Companies by Ethisphere Institute for seven consecutive years. Granite is listed on the New York Stock Exchange and is part of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell 2000 Index. For more information, visit graniteconstruction.com.

 

Granite Construction Incorporated
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Jacque Fourchy, 831-761-4741
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Source: Granite Construction Incorporated