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GVA Granite Construction Inc

99.29
1.08 (1.10%)
23 Nov 2024 - Closed
Delayed by 15 minutes
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 Announces $65 Million Phase 2 of SR-30 Improvement Project in Logan, Utah

10/09/2024 1:30pm

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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:

  • Multi-use Path: A 12-foot-wide path for pedestrians and cyclists.
  • Roadway Enhancements: Wider shoulders and turning lanes for improved traffic flow.
  • Safety Features: Advanced warning signs for railroad crossings.
  • Environmental Considerations: Installation of two new precast box culverts and the widening of one concrete girder bridge.
  • Infrastructure Upgrades: Guardrail, ATMS, lighting, signalization, storm drain, water, sewer, and landscaping improvements.

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.

Granite Contacts Media Erin Kuhlman 831-768-4111 Investors Wenjun Xu - 831-761-7861

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