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Stock Market & Financial Investment News

News Breaks
June 10, 2014
17:31 EDTGVAGranite Construction awarded $75M joint venture bridge project in Illinois
Granite Construction announced that a joint-venture team comprised of Kenny Construction Company, a Granite subsidiary, and Edward Kraemer & Sons has been awarded a $75M bridge reconstruction and widening contract by the Illinois Tollway. Granite will book its 41% share, or approximately $31M, into backlog during the second quarter. The joint-venture team will be responsible for constructing two new bridge structures that will increase capacity of the Fox River Bridge from six lanes to eight lanes with full shoulders to accommodate the new, wider Interstate 90 roadway. The new bridge structures will be 1,315-feet long, stand 40-feet above the surface of the Fox River and have eight spans supported by seven piers. The existing structures have 14 piers. The new structures will have fewer piers to reduce the environmental impact on the waterway and forested fen below. The Project is projected to start in June 2014 and be completed by the end of 2016. The bridge will remain open with three lanes in each direction being maintained during peak hours.
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June 25, 2015
17:32 EDTGVAGranite Construction awarded $39M transit project in San Diego
Granite Construction announced that it has been awarded a $39M contract by the San Diego Association of Governments, or SANDAG, to construct new bus rapid transit stations along State Route 15 at El Cajon Boulevard and University Avenue in San Diego County. Granite will book the project into backlog during the second quarter. Scope of the Mid-City Centerline project consists of the addition of three miles of new dedicated transit lanes, four new bus rapid transit station platforms in the freeway median, plaza bridge entrances and ramp intersection improvements. This project supports an integrated Rapid transit network that provides high frequency services seven days a week to riders. Funding for the project is provided by the Federal Transit Administration and TransNet, the regional half-cent sales tax for transportation administered by SANDAG.

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