Granite Awarded $79MM Segment of a Multi-Phase CMGC Project to Reconstruct Highway 101 in Southern California

Granite, Watsonville

WATSONVILLE, Calif.–Granite (NYSE:GVA) announced today it has been awarded a $79 million contract by the California Department of Transportation (Caltrans) to construct the Highway 101: Carpinteria project in Santa Barbara County, California. The $79 million contract award will be booked in Granite’s second quarter 2020 backlog.

This project is one of five segments that will be constructed as part of an overall effort to reconstruct 10.9 miles of Highway 101. In December 2018, Granite announced that it had been selected as the Construction Manager/General Contractor (CMGC) for the overall Highway 101: Carpinteria to Santa Barbara project. The estimated construction contract value for the remaining segments is approximately $400 million.

“This project is critical to the safety and mobility of one of the state’s most congested highways,” said Kyle Larkin, Granite executive vice president and chief operating officer. “As the CMGC, Granite is proud to be partnering with Caltrans, Santa Barbara County Association of Governments and the City of Carpinteria on this project and pleased to see local and state tax dollars from Measure A and Senate Bill 1 being put to work.”

Scope of Granite’s work for the Highway 101 Carpinteria project includes the full rebuild and addition of three miles of new high occupancy vehicle lanes, on- and off-ramp improvements, construction of new sound walls as well as improvements to local streets and intersections.

The project also includes approximately 64,000 cubic yards of excavation, 55,000 tons of aggregate, 29,000 tons of hot-mix asphalt, 39,000 cubic yards of reinforced concrete pavement and 14,300 linear feet of concrete barrier. Hot-mix asphalt and aggregate materials will be provided by Granite’s nearby Santa Paula Hot Plant, Bee Rock Quarry and Gardner Facility.

Construction is expected to get underway in April 2020 and estimated to be complete by summer 2022.

Larkin also states, “As is the case with all of our projects in these challenging times, Granite is working together with our clients and partners to continue building needed infrastructure improvements while ensuring safe working conditions for our crews that are in alignment with guidance from federal and local health officials.”

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 provider in the transportation, water infrastructure and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for eleven consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, and connect with Granite on LinkedIn, Twitter, Facebook and Instagram.

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