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Announcing Granite’s $80 Million Infrastructure Project in Forney, Texas

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Granite (NYSE:GVA) has secured an $80 million contract from the Texas Department of Transportation for upgrading FM 548 near Forney, TX. The project will convert the existing asphalt roadway from FM 548 north of US 80 to Windmill Farms Blvd into a concrete paved road with additional lanes and drainage improvements.

The scope includes over 200,000 square yards of 10" concrete pavement and 40,000 linear feet of new storm drain. The infrastructure upgrade aims to increase traffic capacity in Forney's busiest commercial area. Construction is scheduled to begin in July 2025 and complete in March 2027. The project will be included in Granite's first-quarter CAP and funded through state sources.

Granite (NYSE:GVA) ha ottenuto un contratto da 80 milioni di dollari dal Dipartimento dei Trasporti del Texas per l'ammodernamento della FM 548 vicino a Forney, TX. Il progetto prevede la trasformazione dell'attuale strada asfaltata da FM 548 a nord della US 80 fino a Windmill Farms Blvd in una strada pavimentata in cemento con corsie aggiuntive e miglioramenti al sistema di drenaggio.

L'intervento comprende oltre 200.000 iarde quadrate di pavimentazione in cemento da 10" e 40.000 piedi lineari di nuovi canali di drenaggio. L'aggiornamento infrastrutturale mira ad aumentare la capacità di traffico nell'area commerciale più trafficata di Forney. I lavori sono previsti per iniziare a luglio 2025 e terminare a marzo 2027. Il progetto sarà incluso nel CAP del primo trimestre di Granite e finanziato con fondi statali.

Granite (NYSE:GVA) ha asegurado un contrato de 80 millones de dólares del Departamento de Transporte de Texas para la mejora de la FM 548 cerca de Forney, TX. El proyecto convertirá la carretera asfaltada existente desde FM 548 al norte de la US 80 hasta Windmill Farms Blvd en una vía pavimentada de concreto con carriles adicionales y mejoras en el drenaje.

El alcance incluye más de 200,000 yardas cuadradas de pavimento de concreto de 10" y 40,000 pies lineales de nuevo drenaje pluvial. La actualización de la infraestructura busca aumentar la capacidad de tráfico en la zona comercial más concurrida de Forney. La construcción está programada para comenzar en julio de 2025 y finalizar en marzo de 2027. El proyecto se incluirá en el CAP del primer trimestre de Granite y será financiado con fondos estatales.

Granite (NYSE:GVA)는 텍사스 교통부로부터 8,000만 달러 규모의 계약을 체결하여 포니(TX) 근처 FM 548 도로를 업그레이드할 예정입니다. 이번 프로젝트는 기존의 FM 548 도로(US 80 북쪽부터 Windmill Farms Blvd까지)를 아스팔트에서 콘크리트 포장 도로로 전환하고 추가 차선과 배수 개선 작업을 포함합니다.

공사 범위는 10인치 두께의 콘크리트 포장 20만 평방야드 이상4만 피트 선형의 새로운 우수 배수관 설치를 포함합니다. 인프라 업그레이드는 포니에서 가장 번화한 상업 지역의 교통 수용력을 높이는 것을 목표로 합니다. 공사는 2025년 7월에 시작하여 2027년 3월에 완료될 예정이며, Granite의 1분기 CAP에 포함되고 주정부 자금으로 지원됩니다.

Granite (NYSE:GVA) a obtenu un contrat de 80 millions de dollars du Département des Transports du Texas pour la modernisation de la FM 548 près de Forney, TX. Le projet prévoit la transformation de la route asphaltée existante entre la FM 548 au nord de la US 80 et Windmill Farms Blvd en une route pavée en béton avec des voies supplémentaires et des améliorations du drainage.

Le périmètre comprend plus de 200 000 yards carrés de chaussée en béton de 10" et 40 000 pieds linéaires de nouveaux drains pluviaux. Cette mise à niveau des infrastructures vise à augmenter la capacité de circulation dans la zone commerciale la plus fréquentée de Forney. Les travaux doivent commencer en juillet 2025 pour se terminer en mars 2027. Le projet sera inclus dans le CAP du premier trimestre de Granite et financé par des fonds publics.

Granite (NYSE:GVA) hat einen 80-Millionen-Dollar-Vertrag vom Texas Department of Transportation für die Aufrüstung der FM 548 in der Nähe von Forney, TX, erhalten. Das Projekt sieht vor, die bestehende Asphaltstraße von FM 548 nördlich der US 80 bis zum Windmill Farms Blvd in eine betonierte Straße mit zusätzlichen Fahrspuren und verbesserten Entwässerungssystemen umzuwandeln.

Der Umfang umfasst über 200.000 Quadrat-Yards 10" Betonbelag und 40.000 lineare Fuß neue Regenwasserkanäle. Das Infrastruktur-Upgrade zielt darauf ab, die Verkehrskapazität im verkehrsreichsten Geschäftsviertel von Forney zu erhöhen. Der Baubeginn ist für Juli 2025 geplant, die Fertigstellung für März 2027. Das Projekt wird in den CAP von Granite für das erste Quartal aufgenommen und durch staatliche Mittel finanziert.

Positive
  • Secured significant $80 million contract from TxDOT
  • Project aligns with company's North Texas market strategy
  • Contract adds to first-quarter CAP
Negative
  • Extended project timeline - construction not starting until July 2025

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) has been awarded an approximately $80 million contract by the Texas Department of Transportation (TxDOT) to upgrade a section of Farm to Market 548 (FM 548) near Forney, TX. Project funding is to come from state sources and will be included in Granite’s first-quarter CAP.

This infrastructure project will transform the existing asphalt paved roadway from FM 548 north of US 80 to Windmill Farms Blvd into a concrete paved roadway, including additional travel lanes and drainage upgrades. Project improvements will provide increased traffic capacity to help relieve traffic in the rapidly growing City of Forney and surrounding Kaufman County, particularly through the busiest commercial area in the city.

The scope of the project includes over 200,000 square yards of 10" concrete pavement and over 40,000 linear feet of new storm drain.

“Our home market strategy in North Texas is complemented perfectly by this strategic project,” said Steve Kaesler, Granite Vice President of Regional Operations. “It fits well with our core competencies and is a result of capitalizing on other wins in the nearby area.”

Granite is excited to contribute to the growth and development of Forney and Kaufman County, enhancing the quality of life for residents and supporting the area's economic expansion.

Construction is expected to begin in July 2025 and be completed in March 2027.

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, X, Facebook, and Instagram.

Granite Contacts

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Source: Granite

FAQ

What is the value and scope of Granite's new infrastructure project in Forney, Texas?

Granite's new project in Forney is valued at $80 million and includes converting FM 548 to concrete pavement, adding travel lanes, and installing 40,000 linear feet of storm drain.

When will GVA begin and complete the FM 548 construction project in Texas?

Construction is scheduled to begin in July 2025 and will be completed in March 2027.

How will the FM 548 project impact Forney's traffic conditions?

The project will increase traffic capacity in Forney's busiest commercial area, helping to relieve congestion in the rapidly growing city and surrounding Kaufman County.

What are the specific construction details for GVA's Forney infrastructure project?

The project includes over 200,000 square yards of 10-inch concrete pavement and more than 40,000 linear feet of new storm drain installation.
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