Granite Awarded $209 Million Highway Project in Alabama

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE:GVA) announced today that it has been awarded a $209 million contract by the Alabama Department of Transportation for modification of the 59/20 Interchange in Birmingham. Granite will book the project into backlog during the first quarter of 2016.

Granite is responsible for the construction of the interchange at I-59/20 and I-65 on the Northwest side of Birmingham’s Central Business District. The project includes new direct connector bridges to downtown, widening of existing bridges to improve operations for connection to future phases, as well as replacement of crossover bridges and main lane pavement improvements.

Construction is scheduled to begin in late spring 2016 and is scheduled to be completed by fall 2018. For more information visit: http://5920bridge.com.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE: GVA) is recognized as one of the largest diversified construction companies and construction materials producers in the U.S. Granite is an award-winning firm in safety, quality and environmental stewardship, and has been named one of the World's Most Ethical Companies 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: www.graniteconstruction.com.

 

Granite Construction Incorporated
Media Contact:
Jacqueline Fourchy, 831-761-4741
or
Investor Contact:
Ronald Botoff, 831-728-7532

 

Source: Granite Construction Incorporated