Granite Awarded $50 Million Highway Improvement Contract in Nevada
December 12, 2018
WATSONVILLE, Calif.–(BUSINESS WIRE)–Granite (NYSE:GVA) announced today that it has been awarded a $50
million highway improvement contract by the Nevada Department of
Transportation for the US 50 Silver Springs project in Silver Springs,
Nevada. The contract will be included in Granite’s fourth quarter 2018
backlog.
Scope of work includes the construction of eight miles of multilane,
divided highway including a frontage road and roundabout to replace a
four-way stop intersection. The project will improve driver safety by
separating the opposing lanes of travel and reducing the number of
occurrences of cross traffic with the addition of a frontage road. The
installation of livestock fencing on both sides of the highway will help
keep the local population of wildlife out of traffic lanes, reducing the
number of vehicle/wildlife collisions.
Construction is scheduled to begin in the first quarter of 2019 and
conclude in early 2020.
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 nine
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.
Contacts
Granite
Contacts
Media
Jacque Fourchy
831-761-4741
Investors
Ronald Botoff 831-728-7532