Granite Awarded a $33MM Shared Use Path Project in Nevada

WATSONVILLE, Calif. April 27, 2017–Granite Construction Incorporated (NYSE:GVA) announced today it has been awarded a $33 million Construction Manager at Risk (CMAR) contract by the Nevada Department of Transportation for the construction of the State Route 28 Shared Use Path in Incline Village, Nevada. The contract will be included in Granite’s first quarter 2017 backlog.

Scope of the work for this public safety and water quality improvement project includes constructing three miles of shared use path adjacent to State Route 28 along the shoreline of Lake Tahoe, from the Ponderosa Ranch to Sand Harbor State Park. Granite will build six short span bridges, excavate 30,000 cubic yards of roadway, construct eight sculpted shotcrete walls and 16 vista points. Work also includes the installation of drainage structures, storm drainpipe, curbs/gutters, fiber optic conduit and a new parking lot.

Construction is scheduled to begin in spring 2017 and is scheduled to be complete by summer 2019. For more information visit the Nevada Department of Transportation website.

About Granite
Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE:GVA) is one of the nation’s largest infrastructure contractors and construction materials producers. Granite specializes in complex infrastructure projects, including transportation, industrial and federal contracting, and is a proven leader in alternative procurement project delivery. Granite 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 eight 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.

West Coast Commercial Real Estate News