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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 | |
---|---|---|---|---|---|---|---|---|
-0.07 | -0.07% | 98.69 | 99.91 | 97.659 | 99.58 | 355,165 | 21:25:00 |
Granite (NYSE:GVA) is proud to announce its role as Construction Manager at Risk (CMAR) of the Arlington Avenue Bridges Replacement Project, a transformative initiative aimed at replacing the two structurally deficient bridges that cross the Truckee River in the Riverwalk District of downtown Reno, Nevada. The approximately $32 million project was awarded by the Regional Transportation Commission (RTC) of Washoe County and is funded by federal and local fuel tax funds.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903711325/en/
Granite proudly announces the groundbreaking on the Arlington Avenue Bridges Replacement project in Reno, Nevada. This initiative will enhance safety and connectivity for the community, reflecting our commitment to delivering quality infrastructure solutions. (Photo: Business Wire)
At the groundbreaking event last week, U.S. Secretary of Transportation Pete Buttigieg emphasized the significance of the project, stating, “These bridges are structurally deficient, but they are also profoundly important. They serve as was said the beating heart of this city and are such an important part of both the function and the quality of life of this community.”
The Arlington Avenue Bridges Replacement Project will involve working within the waterway, utilizing two diversions to complete the necessary work. The project’s primary goals are to address the deteriorating condition of the bridge structures, enhance safety for pedestrians, bicyclists, transit riders, and drivers, and ensure sufficient hydraulic capacity for the Truckee River during flood events.
Key Highlights of the Project:
“The Arlington Avenue Bridges Project is a signature initiative that will significantly enhance the landscape of downtown Reno,” explained Chris Burke, Granite Vice President of Regional Operations. “This project not only provides excellent backlog for Granite in Reno, but also strengthens our relationship with local entities through collaboration during the preconstruction phase,” he continued.
Granite initiated a series of partnership meetings with team members to foster early collaboration, which proved crucial for effective project management. During preconstruction and various design stages, Granite reviewed plans, specifications, and quantities, held risk and innovation workshops, and conducted resolution meetings to clarify work requirements. This collaborative CMAR process resulted in a collective saving of $7 million on the budget, a plan to complete all in-river work in one season, and a reduction of six months from the initial schedule.
Granite will provide materials from its nearby Lockwood Facility, including 10,000 tons of granular backfill for bridge structures earthwork, 9,000 tons of structural backfill for bridge structures earthwork, 1,400 tons HMA for roadway reconstruction, and 1,800 tons AB for roadway reconstruction.
The construction portion of this project is expected to begin in May 2025 and be completed in August 2026.
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/20240903711325/en/
Granite Contacts Media Erin Kuhlman 831-768-4111 Investors Wenjun Xu - 831-761-7861
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