Granite Announces Bridge Replacement Project in Everett, Washington

Rhea-AI Summary

Granite (NYSE:GVA) has been awarded a $25 million contract by the City of Everett to replace the Edgewater Creek Bridge, originally built in 1946. The project, funded by federal grants and local funds, will be included in Granite’s second-quarter CAP. This bridge replacement, featuring engineering challenges due to steep and unstable soils, will require the construction of a trestle for access. The site is located near Granite’s regional office, strengthening ties with the City of Everett. Construction is set to begin in November 2024 and complete by January 2026. Granite’s local facilities will supply the necessary materials.

Positive

• $25 million contract awarded to Granite.
• Project increases Granite's backlog for the next 1.5 years.
• Strengthens relationship with the City of Everett.
• Utilizes Granite's local facilities for material supply.

Negative

• Engineering challenges due to steep and unstable soils.

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) has been awarded an approximately $25 million contract by the City of Everett to remove and replace the Edgewater Creek Bridge. The project will be funded by federal grants and local funds, and will be included in Granite’s second-quarter CAP.

Project scope includes the removal of the existing bridge, originally built in 1946, and the construction of a new bridge over the Edgewater Creek Basin. The project presents engineering challenges due to the steep and unstable soils of the ravine. To overcome these, a trestle will be constructed to facilitate access for the work.

The project site is located within 7 miles of Granite’s regional office, furthering its relationship with the City of Everett. This project provides a robust backlog for the region over the next year and a half. Granite’s Smith Island Facility will supply 1,610 tons of Hot Mix Asphalt (HMA), and its Granite Falls Aggregate Plant will supply 4,685 tons of aggregates.

“This is an important structure for the City of Everett because of how it connects the community and the fact that it's seismically vulnerable,” said Mike Stein, Granite Vice President of Regional Operations. “This project showcases our innovative engineering solutions and our commitment to the City of Everett and the communities we serve,” he continued.

Construction is expected to begin November 2024 and be completed in January 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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240625552699/en/

Granite Contacts

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Source: Granite

FAQ

What project has Granite (GVA) been awarded in Everett, WA?

Granite (GVA) has been awarded a $25 million contract to replace the Edgewater Creek Bridge in Everett, WA.

When will the Edgewater Creek Bridge replacement project start and end?

Construction is expected to begin in November 2024 and be completed by January 2026.

What challenges will Granite face in the Edgewater Creek Bridge project?

Granite will face engineering challenges due to steep and unstable soils, requiring the construction of a trestle for access.

What materials will Granite supply for the Edgewater Creek Bridge project?

Granite’s Smith Island Facility will supply 1,610 tons of Hot Mix Asphalt, and its Granite Falls Aggregate Plant will supply 4,685 tons of aggregates.

How is the Edgewater Creek Bridge replacement project funded?

The project is funded by federal grants and local funds.