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Granite Awarded $14 Million Site Development Project in Illinois

BusinessWire_EN 
0 0 12.12.19
Granite Awarded $14 Million Site Development Project in Illinois
 

Granite (NYSE:GVA) announced today that its wholly-owned subsidiary, Kenny Construction Company (“Kenny”), has been awarded a $14 million contract by Fermi Research Alliance, LLC for Long-Baseline Neutrino Facility (LBNF) Near Site Conventional Facilities (NSCF) Site Preparation Project at the Fermi National Accelerator Laboratory (Fermilab) in Batavia, Illinois.

The LBNF Near Site will be home for a portion of the international Deep Underground Neutrino Experiment (DUNE), an international flagship science project to unlock the mysteries of neutrinos, hosted by the U.S. Department of Energy’s Fermilab. By studying neutrinos, the most abundant matter particles in the universe, scientists at LBNF/DUNE will paint a clearer picture of the universe and how it works. Learn more about the Long-Baseline Neutrino Facility/Deep Underground Neutrino Experiment.

Kenny is responsible for the site preparation construction to clear the proposed LBNF near the site of conflicting facilities so that the construction of the NSCF may proceed with minimal interruption to ongoing Fermilab operations.

Construction began in December 2019 and will be complete by early 2021.

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 ten consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191211005956/en/

Granite Construction Stock

€51.00
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As a result the target price of 58 € shows a slightly positive potential of 13.73% compared to the current price of 51.0 € for Granite Construction.
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