Granite (GVA) Wins Contract to Upgrade Highway 101 in CA - Yahoo Canada Shine On

Granite Construction Incorporated GVA has secured a Highway 101 upgrade contract from the California Department of Transportation (Caltrans) in Mendocino, CA. The project value is considered approximately $23 million and is funded by the Federal Highway Administration.The project is anticipated to begin in the third quarter of 2023 and be completed by the second quarter of 2024. The project value is likely to be included in the company’s second-quarter 2023 Committed and Awarded Projects (CAP).Per the deal, Granite is expected to upgrade four miles of median barrier and resurface a ten-mile section of Highway 101 between Ukiah and Willits, namely the Ridgewood Grade.

Yahoo     Jun 21, 2024