WATSONVILLE, Calif., Sept. 10 /PRNewswire-FirstCall/ -- GraniteConstruction Company, a wholly owned subsidiary of Granite ConstructionIncorporated (NYSE: GVA) today announced that its Bay Area Branch, in a jointventure with FCI Constructors, Inc., has been awarded a $138 million projectby the California Department of Transportation for the reconstruction of theRoute 92/880 freeway interchange in Hayward, California. Granite’s portion ofthe contract is 43%, or approximately $60 million.
The joint venture team will construct over eight bridges, as well as amodernized interchange, retaining walls, new storm water pump station and allassociated roadwork. The project also includes complete demolition of theexisting interchange.
Work on the project will begin in October 2007 and is estimated to becompleted by December 2010.
About Granite
Granite Construction Incorporated is a member of the S&P 400 Midcap Index,the Domini 400 Social Index and the Russell 2000. Granite ConstructionCompany, a wholly owned subsidiary, is one of the nation’s largest diversifiedheavy civil contractors and construction materials producers. GraniteConstruction Company serves public and private sector clients through itsoffices and subsidiaries nationwide. For the 4th straight year, Granite wasnamed to FORTUNE’S List of 100 Best Companies to Work For. For moreinformation about Granite, please visit their website athttp://www.graniteconstruction.com.
SOURCE Granite Construction Company
