WATSONVILLE, Calif.–(BUSINESS WIRE)–Granite (NYSE:GVA) announced today that the joint venture team comprised
of Granite and Teichert, Inc. has been awarded a $275 million contract
by the California Department of Transportation (Caltrans) for the SAC 5
Corridor Enhancement Project in Sacramento, California. Granite will
book its 50 percent share of the $275 million joint venture project into
its second quarter 2019 backlog.
The project will rehabilitate 67 lane miles of Interstate 5 (I-5)
beginning south of the Elk Grove Boulevard Overcrossing and extending to
the American River Viaduct. Scope of works includes adding 23 miles of
High Occupancy Vehicle lanes, eight maintenance vehicle pullouts, two
sound walls, replacement of a pedestrian overcrossing and installation
of fiber optic lines. In addition, the team intends to recycle existing
concrete pavement and other materials onsite to reduce waste and cost as
well as minimize truck haul trips.
Construction is scheduled to begin in fall 2019 and be completed by fall
2021. For more information on the project visit the SAC
5 Corridor Enhancement Project page.
About Granite
Through its offices and subsidiaries nationwide, Granite Construction
Incorporated (NYSE: GVA) is a full-suite provider in the transportation,
water infrastructure and mineral exploration markets. Granite, America’s
Infrastructure Company, is an award-winning firm in safety, quality and
environmental stewardship, and has been honored as one of the World’s
Most Ethical Companies by Ethisphere Institute for ten 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 graniteconstruction.com,
and connect with Granite on LinkedIn,
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and Instagram.
Contacts
Granite Contacts
Media
Jacque Fourchy 831-761-4741
Investors
Lisa Curtis 831-728-7532
