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Granite Awarded $19 Million CMAR Dam Project in Nevada


Granite (NYSE:GVA) announced today it has been awarded a $19 million Construction Manager at Risk (CMAR) contract by Farmers Conservation Alliance (FCA) for the construction of the Derby Dam Fish Screen in Sparks, Nevada.

In line with its commitment to create sustainable infrastructure solutions, Granite is responsible for the construction of the Derby Dam fish screen which will restore watershed connectivity and support fish movement along the Truckee River. Scope of work includes the excavation of 60,000 cubic yards of soil, the use of 6,000 cubic yards of structural concrete, and the installation of eight control gates and five horizontal fish screens provided by FCA. The base rock will be supplied by Granite’s Lockwood materials facility.

To learn more about this project visit the Farmers Conservation Alliance website.

Construction is underway and will be complete by fall 2020.

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 more than 7,000 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/20191121005975/en/

Granite Construction Stock

€51.00
2.000%
Granite Construction gained 2.000% today.
Based on 2 Buy predictions and 1 Sell predictions the sentiment towards Granite Construction is rather balanced.
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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