Granite Awarded $29MM Expressway Construction Project in California

WATSONVILLE, Calif. (June 26, 2018) – Granite (NYSE:GVA) announced today it has been awarded a $29 million contract by the Merced County Department of Public Works for an expressway construction project in Merced, California. The contract will be included in Granite’s second quarter 2018 backlog.

Granite will construct an extension to the four-lane Campus Parkway expressway on the east side of the City of Merced to connect Highway 99 to the University of California, Merced. Scope of work includes installation of drainage systems, importing approximately 580,000 cubic yards of embankment, 26,000 tons of asphalt paving, and the construction of two bridges.

Construction is scheduled to begin in August 2018 and conclude in February 2020. For more information visit Campus Parkway project website.

About Granite
Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE: GVA) is a full-suite provider in the transportation, water infrastructure and mineral exploration markets. Granite, America’s Infrastructure Company, is an award-winning firm in safety, quality and environmental stewardship, and has been honored as one of the World’s Most Ethical Companies by Ethisphere Institute for nine consecutive years. Granite is listed on the New York Stock Exchange and is part of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell 2000 Index. For more information, visit graniteconstruction.com.

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