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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.
News For GVA From The Last 14 Days
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December 10, 2014
17:43 EDTGVAGranite Construction: JV team awarded $109M design/build contract
Granite Construction announced that the joint-venture team comprised of Granite Construction Company and Pulice Construction has been awarded a $109M design/build contract by the Arizona Department of Transportation to reconstruct 19 miles of State Route 202 in Phoenix. Granite expects to book its 35% share, or approximately $38M, into backlog during the fourth quarter. Scope of the work includes capacity improvements across the 19-mile project by adding both general purpose lanes and high occupancy vehicle lanes in both directions. The work also includes the reconstruction of eight bridges, installation of concrete barrier, noise and retaining walls, improvements to the Freeway Management System as well as all drainage, signing and lighting modifications. Work is currently underway and is anticipated to be complete by December 2015

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