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Granite Secures $75 Million Roadway Project in Las Vegas

BusinessWire_EN 
0 0 23.03.22
Granite Secures $75 Million Roadway Project in Las Vegas: https://mms.businesswire.com/media/20191118005918/en/662198/5/Granite-Logo-Color.jpg
 

Granite (NYSE:GVA) announced today that it has been awarded the approximately $75 million contract for the I-515 and Charleston Boulevard Interchange improvement project by the Nevada Department of Transportation (NDOT). Located in Las Vegas, this project is being completed via the Construction Manager at Risk (CMAR) project delivery method. Granite was originally hired in 2017 to provide preconstruction services.

The scope of work includes the widening of Charleston Boulevard, construction of ramp improvements at the Charleston Boulevard and Eastern Avenue interchange, and the addition of auxiliary lanes on I-515 between the two roads. In addition, the project will widen four bridges, create new sound-barrier walls, and create a number of mechanically stabilized earth retaining walls. During the previous preconstruction phase, Granite presented cost estimates, completed plan review on all drawings, developed the project’s Maintenance of Traffic plan, and participated in public outreach.

“We have been heavily involved in this project since 2017 and are thrilled that we get to continue working with NDOT on I-515,” said Don Sawyer, Granite area manager. “As a company, we continue to grow our expertise in non-traditional project delivery methods, and we’re excited to build a project that will provide so much benefit to the travelling public.”

The project is expected to start in August 2022 and projected to be completed in Q2, 2024.

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 civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220323005105/en/

Granite Construction Stock

€57.00
-0.870%
The price for the Granite Construction stock decreased slightly today. Compared to yesterday there is a change of -€0.500 (-0.870%).
With 2 Buy predictions and 1 Sell predictions the community is currently undecided on Granite Construction.
With a target price of 58 € there is a slightly positive potential of 1.75% for Granite Construction compared to the current price of 57.0 €.
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