Business Services Industry
Granite Construction Awarded $10.6 Million Highway Contract
Business Wire, Nov 24, 1998
WATSONVILLE, Calif.--(BUSINESS WIRE)--Nov. 24, 1998--Granite Construction Incorporated (NYSE:GVA) announced today that Granite Construction Company, a wholly-owned subsidiary, has been awarded a $10.6 million contract by the California Department of Transportation to replace and overlay approximately 11 miles of Interstate 80 east of Sacramento.
The project consists of the replacement of existing sections of Interstate 80 with asphalt concrete and the placement of an asphalt concrete overlay. Scope of the work includes approximately 250,000 tons of asphalt concrete. Construction is underway and will take approximately 12 months to complete.
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Granite Construction is a diversified heavy civil contractor and construction materials producer. The company also has a minority interest in TIC Holdings, Inc., a Colorado-based industrial contractor. Granite serves public and private infrastructure customers through its 32 offices nationwide. For more information about the company, please visit their website at www.graniteconstruction.com.
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