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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Granite Construction Inc | NYSE:GVA | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.08 | 1.10% | 99.29 | 99.72 | 98.14 | 98.53 | 334,035 | 01:00:00 |
Granite (NYSE:GVA) has been awarded an approximately $65 million contract by the Utah Department of Transportation (UDOT) to commence Phase 2 of the SR-30 Improvement Project in Logan, Utah. Project funding will come from UDOT and Federal funds and was included in Granite’s second-quarter CAP.
“This project is a strategic win for Granite as it strengthens our ongoing relationship with UDOT,” said Jason Klaumann, Granite Vice President of Regional Operations. “The successful completion of Phase 1 in 2023 positioned us as the low bidder for Phase 2, ensuring our structures, pipe, and earthwork crews will remain engaged through late 2024 and most of the 2025 season. Our team is excited to continue working with UDOT Region 1 and deliver these critical improvements for the Logan community.”
The SR-30 corridor accommodates a diverse traffic mix, including the traveling public, farm equipment, horses, cyclists, and runners. The improvements will include a 12-foot-wide multi-use path with a cast-in-place concrete box underpass, wider shoulders, turning lanes, and advanced warning signs for railroad crossings. Also, the project will feature two new precast box culverts and widening one concrete girder bridge to accommodate the Logan River / Cutler Marsh area.
Key elements of the project include:
Granite looks forward to the successful execution of Phase 2 and the impact it will have on the local community and infrastructure.
Phase 2 kicked off in July 2024 and is expected to be completed in December 2025.
About Granite
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240910607489/en/
Granite Contacts Media Erin Kuhlman 831-768-4111 Investors Wenjun Xu - 831-761-7861
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