Granite and King County Metro Announce Atlantic Base Refurbishment Project
Granite (NYSE: GVA) has announced the start of the $45 million Atlantic Base Refurbishment (ABR) project in Seattle, Washington. The project aims to modernize King County Metro's (KCM) six-acre trolley bus parking and maintenance facility. Using the General Contractor/Construction Manager (GC/CM) delivery method, the project has reached the Maximum Allowable Construction Cost (MACC) milestone, moving from pre-construction to construction phase.
The ABR project will replace all concrete paving and underground infrastructure, including storm drainage, sanitary sewer, industrial waste, and buried power lines. It will also rehabilitate underground storage tanks and upgrade the overhead catenary system to support KCM's expanding electric trolley fleet. The project aligns with Granite's sustainability goals and KCM's commitment to a zero-emissions fleet by 2035.
Construction is scheduled to begin in January 2025 and be completed in March 2027, with multiple phases to ensure uninterrupted operation of KCM's Atlantic Base.
Granite (NYSE: GVA) ha annunciato l'inizio del progetto Atlantic Base Refurbishment (ABR) da 45 milioni di dollari a Seattle, Washington. Il progetto mira a modernizzare la struttura di parcheggio e manutenzione per autobus trolley di sei acri della King County Metro (KCM). Utilizzando il metodo di consegna General Contractor/Construction Manager (GC/CM), il progetto ha raggiunto il traguardo del Maximum Allowable Construction Cost (MACC), passando dalla fase di pre-costruzione a quella di costruzione.
Il progetto ABR sostituirà tutto il pavimento in calcestruzzo e le infrastrutture sotterranee, inclusi drenaggio delle acque meteoriche, fognature sanitarie, rifiuti industriali e linee elettriche interrate. Riabiliterà anche i serbatoi di stoccaggio sotterranei e aggiornerà il sistema di catenaria aerea per supportare l'espansione della flotta di trolley elettrici di KCM. Il progetto è in linea con gli obiettivi di sostenibilità di Granite e con l'impegno di KCM per una flotta a emissioni zero entro il 2035.
I lavori di costruzione sono previsti per iniziare a gennaio 2025 e terminare a marzo 2027, con più fasi per garantire l'operatività continua della Base Atlantica di KCM.
Granite (NYSE: GVA) ha anunciado el inicio del proyecto Atlantic Base Refurbishment (ABR) de 45 millones de dólares en Seattle, Washington. El proyecto tiene como objetivo modernizar las instalaciones de estacionamiento y mantenimiento de autobuses de trolley de seis acres de King County Metro (KCM). Usando el método de entrega General Contractor/Construction Manager (GC/CM), el proyecto ha alcanzado el hito del Maximum Allowable Construction Cost (MACC), pasando de la fase de pre-construcción a la fase de construcción.
El proyecto ABR reemplazará todo el pavimento de concreto y la infraestructura subterránea, incluyendo el drenaje pluvial, las alcantarillas sanitarias, los desechos industriales y las líneas eléctricas enterradas. También rehabilitará los tanques de almacenamiento subterráneos y actualizará el sistema de catenaria aérea para apoyar la creciente flota de trolley eléctricos de KCM. El proyecto está alineado con los objetivos de sostenibilidad de Granite y el compromiso de KCM con una flota de cero emisiones para 2035.
La construcción está programada para comenzar en enero de 2025 y completarse en marzo de 2027, con múltiples fases para garantizar la operación ininterrumpida de la Base Atlántica de KCM.
Granite (NYSE: GVA)가 워싱턴주 시애틀에서 4,500만 달러 규모의 아틀란틱 기지 리모델링(ABR) 프로젝트 시작을 발표했습니다. 이 프로젝트는 킹 카운티 메트로(KCM)의 6에이커 규모의 트롤리버스 주차 및 유지보수 시설을 현대화하는 것을 목표로 하고 있습니다. 일반 계약자/건설 관리자(GC/CM) 납품 방식으로 진행되는 이 프로젝트는 최대 허용 건설 비용(MACC) 이정표를 달성하였으며, 사전 건설 단계에서 건설 단계로 전환되었습니다.
ABR 프로젝트는 모든 콘크리트 포장 및 지하 인프라를 교체할 것이며, 여기에는 빗물 배수, 위생 하수도, 산업 폐기물 및 매립 전선이 포함됩니다. 또한 지하 저장 탱크를 재활용하고 KCM의 확장되는 전기 트롤리 함대를 지원하기 위해 공중 케네리 시스템을 업그레이드할 것입니다. 이 프로젝트는 Granite의 지속 가능성 목표 및 KCM의 2035년까지 제로 배출 함대에 대한 약속과 일치합니다.
건설은 2025년 1월에 시작하고 2027년 3월에 완료될 예정이며, KCM의 아틀란틱 기지가 중단 없이 운영될 수 있도록 여러 단계로 진행될 것입니다.
Granite (NYSE: GVA) a annoncé le début du projet Atlantic Base Refurbishment (ABR) de 45 millions de dollars à Seattle, Washington. Le projet vise à moderniser la station de stationnement et d'entretien des autobus trolley de six acres de King County Metro (KCM). En utilisant la méthode de livraison du constructeur général/gestionnaire de construction (GC/CM), le projet a atteint le jalon du Maximum Allowable Construction Cost (MACC), passant de la phase de pré-construction à celle de construction.
Le projet ABR remplacera tous les pavés en béton et les infrastructures souterraines, y compris le drainage des eaux pluviales, les égouts sanitaires, les déchets industriels et les lignes électriques enterrées. Il réhabilitera également les réservoirs de stockage souterrains et mettra à niveau le système de caténaire aérienne pour soutenir l'expansion de la flotte de trolley électriques de KCM. Le projet s'aligne sur les objectifs de durabilité de Granite et l'engagement de KCM pour une flotte à zéro émission d'ici 2035.
La construction est prévue pour commencer en janvier 2025 et se terminer en mars 2027, avec plusieurs phases pour garantir le fonctionnement ininterrompu de la Base Atlantique de KCM.
Granite (NYSE: GVA) hat den Start des 45 Millionen Dollar teuren Atlantic Base Refurbishment (ABR) Projekts in Seattle, Washington, angekündigt. Das Projekt zielt darauf ab, die Park- und Wartungseinrichtungen für die Trolleybusse der King County Metro (KCM) auf einem sechs Acre großen Gelände zu modernisieren. Mit der Liefermethode General Contractor/Construction Manager (GC/CM) hat das Projekt den Meilenstein der maximal zulässigen Baukosten (MACC) erreicht und wechselt von der Planungs- zur Bauphase.
Das ABR-Projekt wird alle Betonoberflächen und die unterirdische Infrastruktur ersetzen, einschließlich Regenwasserableitung, Abwasser, industrielle Abfälle und vergrabene Stromleitungen. Es wird außerdem unterirdische Lagertanks rehabilitieren und das Überlandleiter-System aufrüsten, um die wachsende Elektro-Trolleyflotte von KCM zu unterstützen. Das Projekt steht im Einklang mit Granites Nachhaltigkeitszielen und KCMs Engagement für eine flottenfreie Emissionen bis 2035.
Der Bau soll im Januar 2025 beginnen und im März 2027 abgeschlossen sein, mit mehreren Phasen, um den ununterbrochenen Betrieb der Atlantic Base von KCM zu gewährleisten.
- Secured a $45 million project contract for Atlantic Base Refurbishment
- Project aligns with company's sustainability goals
- Collaborative GC/CM project delivery method enhances stakeholder cooperation
- Project supports client's transition to zero-emissions fleet, potentially leading to future opportunities
- Project start date is not until January 2025, delaying immediate revenue impact
- Multi-phase execution may increase project complexity and potential risks
Insights
The $45 million Atlantic Base Refurbishment (ABR) project represents a significant contract win for Granite, bolstering its project pipeline and revenue outlook. This large-scale infrastructure modernization aligns well with Granite's core competencies in heavy civil construction and demonstrates the company's ability to secure complex, multi-year projects.
The use of the General Contractor/Construction Manager (GC/CM) delivery method is noteworthy, as it typically allows for better cost control and risk management. This approach could potentially lead to improved project margins and reduced execution risks for Granite.
The project's focus on sustainability and support for electric transit infrastructure positions Granite favorably in the growing market for green infrastructure projects. This aligns with broader industry trends and could enhance Granite's competitive positioning for future contracts in the sustainable transportation sector.
Investors should note the project's 2025-2027 timeline, which provides visibility into Granite's future workload and revenue stream. While the
“The General Contractor/Construction Manager (GC/CM) project delivery method chosen by KCM has facilitated a collaborative environment, enabling all project stakeholders to work together effectively,” said Mike Stein, Granite Vice President of Regional Operations. “This partnership has successfully reached the Maximum Allowable Construction Cost (MACC) milestone, marking the transition from pre-construction to the construction phase.”
This project will replace all concrete paving and underground infrastructure, including storm drainage, sanitary sewer, industrial waste, and buried power lines, as well as rehabilitating underground storage tanks. Additionally, the existing overhead catenary system will be upgraded to support KCM’s expanding electric trolley fleet.
The ABR project will be executed in multiple phases to ensure the uninterrupted operation of KCM’s Atlantic Base. This initiative is a significant step towards Granite’s sustainability goals, aligning with KCM’s commitment to transitioning to a zero-emissions fleet by 2035. This transition will significantly reduce reliance on fossil fuels and position KCM as one of the first large transit agencies in
The project is expected to begin in January 2025 and be completed in March 2027.
Watch this video to learn more about Granite’s Alternative project delivery: Construction Manager/General Contractor (CM/GC) Delivery Method
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
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Granite Contacts
Media
Erin Kuhlman 831-768-4111
Investors
Wenjun Xu - 831-761-7861
Source: Granite
FAQ
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