WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) announced today that Granite Construction Company has been awarded a $22 million contract by the California Department of Transportation ("Caltrans") for the widening of approximately seven miles of Highway 46 near Bakersfield, CA.
Scope of the work includes the construction and widening of the existing two-lane highway to a four-lane expressway. Along with the roadway excavation, work will include the placement of aggregate base, asphalt and concrete paving and the construction of drainage culverts.
Work is estimated to begin June 2010 and be completed by September 2011. For more information, please visit Caltrans' Web site at www.dot.ca.gov.
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 Web site at www.graniteconstruction.com.
Source: Granite Construction Incorporated