WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE:GVA), one of the nation's largest infrastructure contractors, announced the award of a $41 million rail relocation project by the City of Sacramento. Granite booked the project into its first quarter 2011 backlog.
Located in downtown Sacramento, the Railyards project includes the relocation of approximately 2.3 miles of heavy rail track, major utility infrastructure and site improvements, construction of multiple access tunnels for pedestrians and service vehicles as well as new passenger tracks and platforms. The project is part of a 245-acre redevelopment effort designed to improve connectivity in downtown Sacramento in preparation for future expansion plans including residential and commercial development.
Work is estimated to begin in May 2011 and be completed by December 2012. For more information, visit www.sacramentorailyards.com.
About Granite
Granite Construction Incorporated is a member of the S&P 400 Midcap Index, the FTSE KLD 400 Social Index and the Russell 2000 Index. Granite Construction Company, a wholly owned subsidiary, is one of the nation's largest diversified heavy civil contractors and construction materials producers. Granite Construction Company serves public- and private-sector clients through its offices and subsidiaries nationwide. For more information about Granite, please visit its website at graniteconstruction.com.
Source: Granite Construction Incorporated