Granite Announces $34 Million Seismic Improvement Project at Oakland International Airport
Granite (NYSE: GVA) has secured a $34 million contract for seismic improvements at Oakland International Airport (OAK). The project aims to enhance the resilience of the airport's perimeter dike, protecting the runway from San Francisco Bay water intrusion. Key aspects include:
- Strengthening 4,200 LF of the OAK perimeter dike using cement deep soil mixing (CDSM)
- 62,295 CY of CDSM work by Keller North America, Inc
- Additional tasks: clearing, temporary work pads, wetlands protection, fuel line protection, and 2,100 CY of rip rap revetment
The project is partially funded by the FAA and will be included in Granite's Q3 CAP. Work is scheduled to begin in Q1 2025 and complete in Q3 2026, requiring careful planning to avoid disrupting airport operations.
Granite (NYSE: GVA) ha ottenuto un contratto di 34 milioni di dollari per miglioramenti sismici presso l'Aeroporto Internazionale di Oakland (OAK). Il progetto mira a migliorare la resilienza della diga perimetrale dell'aeroporto, proteggendo la pista dall'intrusione dell'acqua della Baia di San Francisco. Gli aspetti principali includono:
- Rinforzo di 4.200 LF della diga perimetrale di OAK utilizzando il mixing di suolo profondo con cemento (CDSM)
- 62.295 CY di lavoro CDSM da parte di Keller North America, Inc
- Ulteriori compiti: pulizia, aree di lavoro temporanee, protezione delle zone umide, protezione delle condutture del carburante e 2.100 CY di rivestimento in massi
Il progetto è parzialmente finanziato dalla FAA e sarà incluso nel CAP di Granite per il terzo trimestre. I lavori sono previsti per iniziare nel primo trimestre del 2025 e completarsi nel terzo trimestre del 2026, richiedendo una pianificazione accurata per evitare di interferire con le operazioni aeroportuali.
Granite (NYSE: GVA) ha conseguido un contrato de 34 millones de dólares para mejoras sísmicas en el Aeropuerto Internacional de Oakland (OAK). El proyecto tiene como objetivo mejorar la resiliencia de la dike perimetral del aeropuerto, protegiendo la pista de la intrusión de agua de la Bahía de San Francisco. Los aspectos clave incluyen:
- Fortalecimiento de 4,200 LF de la dike perimetral de OAK utilizando mezcla de suelo profundo con cemento (CDSM)
- 62,295 CY de trabajo CDSM por parte de Keller North America, Inc
- Tareas adicionales: limpieza, plataformas de trabajo temporales, protección de humedales, protección de la línea de combustible y 2,100 CY de revestimiento de rip rap
El proyecto está parcialmente financiado por la FAA y se incluirá en el CAP de Granite para el tercer trimestre. Se espera que los trabajos comiencen en el primer trimestre de 2025 y se completen en el tercer trimestre de 2026, lo que requerirá una planificación cuidadosa para evitar interrumpir las operaciones del aeropuerto.
Granite (NYSE: GVA)는 오클랜드 국제공항(OAK)의 지진 개선을 위한 3,400만 달러 계약을 체결했습니다. 이 프로젝트의 목표는 공항의 외곽 댐의 회복력을 향상시키고, 샌프란시스코 만의 물이 활주로로 침투하는 것을 방지하는 것입니다. 주요 사항은 다음과 같습니다:
- 시멘트 심층 토양 혼합(CDSM)을 사용하여 OAK 외곽 댐 4,200 LF 강화
- Keller North America, Inc에 의한 62,295 CY의 CDSM 작업
- 추가 작업: 정리, 임시 작업대, 습지 보호, 연료 라인 보호 및 2,100 CY의 리프랩 방호벽
이 프로젝트는 FAA의 일부 자금 지원을 받으며 Granite의 3분기 CAP에 포함될 것입니다. 작업은 2025년 1분기에 시작되어 2026년 3분기에 완료될 예정이며, 공항 운영에 방해가 되지 않도록 세심한 계획이 필요합니다.
Granite (NYSE: GVA) a obtenu un contrat de 34 millions de dollars pour des améliorations sismiques à l'Aéroport International d'Oakland (OAK). Le projet vise à améliorer la résilience de la digue périmétrique de l'aéroport, protégeant la piste contre l'intrusion d'eau de la Baie de San Francisco. Les points clés incluent :
- Renforcement de 4,200 LF de la digue périmétrique d'OAK à l'aide de mélange de sol profond au ciment (CDSM)
- 62,295 CY de travaux CDSM par Keller North America, Inc
- Tâches supplémentaires : nettoyage, plateformes de travail temporaires, protection des zones humides, protection des conduites de carburant et 2,100 CY de parement en pierre
Le projet est partiellement financé par la FAA et sera inclus dans le CAP de Granite pour le troisième trimestre. Les travaux devraient commencer au premier trimestre 2025 et se terminer au troisième trimestre 2026, nécessitant une planification minutieuse pour éviter de perturber les opérations de l'aéroport.
Granite (NYSE: GVA) hat einen 34-Millionen-Dollar-Vertrag für seismische Verbesserungen am Oakland International Airport (OAK) gesichert. Das Projekt zielt darauf ab, die Widerstandsfähigkeit des Perimeterdeichs des Flughafens zu verbessern und die Landebahn vor dem Eindringen von Wasser aus der San Francisco Bay zu schützen. Wichtige Aspekte sind:
- Verstärkung von 4.200 LF des Perimeterdeichs von OAK mit zementierter Tiefenbodenmischung (CDSM)
- 62.295 CY CDSM-Arbeiten durch Keller North America, Inc
- Weitere Aufgaben: Räumung, temporäre Arbeitsplätze, Schutz von Feuchtgebieten, Schutz von Kraftstoffleitungen und 2.100 CY Bruchsteinbefestigung
Das Projekt wird teilweise von der FAA finanziert und wird in Granites CAP für das dritte Quartal aufgenommen. Die Arbeiten sollen im ersten Quartal 2025 beginnen und im dritten Quartal 2026 abgeschlossen werden, was eine sorgfältige Planung erfordert, um den Flughafenbetrieb nicht zu stören.
- Secured a $34 million contract for seismic improvements
- Project to be included in Granite's third-quarter CAP
- Strengthens Granite's portfolio with the Port of Oakland
- Project duration from Q1 2025 to Q3 2026 provides long-term work
- None.
Insights
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The project's scope, including 62,295 cubic yards of CDSM and additional protective measures, demonstrates a comprehensive approach to safeguarding critical airport infrastructure. The involvement of Keller North America, a renowned geotechnical specialist, adds credibility to the technical aspects of the project.
From an investor's perspective, this contract represents a solid addition to Granite's backlog, potentially improving the company's revenue visibility for the next 18 months. The project's strategic importance and technical complexity could also enhance Granite's reputation in the infrastructure sector, potentially leading to similar high-value contracts in the future.
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Investors should note the project's extended timeline, with work expected to begin in Q1 2025 and complete in Q3 2026. This long-term project provides revenue visibility but also requires efficient resource allocation and project management to maintain profitability over the extended period.
The collaboration with the Port of Oakland and partial funding from the FAA indicates Granite's ability to secure government-backed projects, which often come with more stable funding and lower credit risk. This could be viewed favorably by investors looking for companies with a strong public sector project portfolio.
The primary objective of this project is to enhance the seismic resilience of 4,200 LF of the OAK perimeter dike by utilizing a cement deep soil mixing construction solution (CDSM). This technique will strengthen the levee wall soils and mitigate the risk of dike failure in the event of a strong seismic event. Keller
“This project is a strategic win for Granite as we continue to build our portfolio of work with the Port of Oakland,” said Brent Fogg, Granite Vice President of Regional Operations. “The technical challenges and restricted access of this project will require meticulous logistical planning to ensure an efficient and safe workflow and zero impact on Airport Operations.”
The project is expected to begin in Q1 2025 and be completed in Q3 2026.
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20241008186314/en/
Granite Contacts
Media
Erin Kuhlman 831-768-4111
Investors
Wenjun Xu - 831-761-7861
Source: Granite
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