Granite Awarded $45.8 Million Highway Widening Project in Florida

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) announced today that it has been awarded a $45.8 million design-build contract by the Florida Department of Transportation to widen eight miles of State Route I-75 in Pasco County, Florida. Granite will book the project into backlog in the fourth quarter of 2013.

The project includes final design and construction to widen I-75 (SR 93) North of SR 52 from four to six lanes, milling and resurfacing the existing pavement, ramp improvements, miscellaneous structures; signing and pavement marking; intelligent transportation systems; geotechnical, and environmental permitting. In addition, the contract calls for the installation of new storm water management facilities and flood plain compensation sites that will provide significant drainage improvements to the project site.

Construction is scheduled to begin in January 2014 and is anticipated to take 24 months to complete.

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. Incorporated in 1922, Granite serves public- and private-sector clients on projects both small and large. Granite’s project teams represent some of the best in the industry serving owners in the transportation, power, federal, tunneling, underground, and industrial/mining and water resources markets. In 2013, the Company was recognized by the Ethisphere Institute as one of the World’s Most Ethical Companies for the fourth year in a row. For more information, please visit www.graniteconstruction.com.

Granite Construction Incorporated
Jacque Fourchy, 831-761-4741

Source: Granite Construction Incorporated