Granite Awarded $39 Million Dam Project in Texas

WATSONVILLE, Calif.–(BUSINESS WIRE)–Granite (NYSE:GVA) announced today that is has been awarded a $39
million contract by the U.S. Army Corps of Engineers (USACE) for
modifications to the Lewisville Dam in Lewisville, Texas. Granite will
book the project into its second quarter 2019 backlog.

Scope of work includes the construction of upstream embankment
modifications, crest road improvements, conduit filter, waterline
relocations, seepage collection systems, improved roadway system and
associated work.

This project is the next step in the USACE’s program at the Lewisville
Lake Dam to continue safe and effective functionality of the dam’s
authorized capacity. Granite has a 40-year working relationship with the
USACE and is currently constructing the $75 million Addicks and Barker
Dams project near Houston.

Construction is scheduled to begin in summer 2019 and be complete in
spring 2021.

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,
Twitter,
Facebook
and Instagram.

Contacts

Media
Jacque Fourchy 831-761-4741
Investors
Lisa Curtis
831-728-7532

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

For the last half century, thousands of communications professionals have turned to us to deliver their news to the audiences most important to their business through the sources they trust most. Over that time, we've gone from a single office with one full time employee to more than 500 employees in 32 bureaus.