Granite Awarded $16 Million Pedestrian Overpass Project in Bellevue, Washington

Rhea-AI Summary

Granite (NYSE:GVA) has secured a $16 million contract for the Eastside Rail Corridor Regional Trail NE 8th Street Crossing project in Bellevue, Washington. Funded by King County and Sound Transit, the project is part of the Eastrail program aimed at converting abandoned railroads into trails. The work includes constructing a pedestrian bridge and enhancing pedestrian access. Project commencement is scheduled for March 2022, with completion expected by June 2023.

Positive

• Secured a $16 million contract enhances revenue potential.
• Continues partnership with King County, fostering community connectivity.
• Project aligns with regional infrastructure development initiatives.

Negative

• None.

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) announced today that it has secured the approximately $16 million contract for the Eastside Rail Corridor Regional Trail NE 8^th Street Crossing project in Bellevue, Washington. The project was awarded by King County and will be funded by King County and Sound Transit. The award is anticipated to be included in Granite’s first quarter CAP.

This project is a key portion of the Eastrail program, which is converting 42 miles of abandoned railroad into a regional trail connecting Eastside communities from Renton to Snohomish. The scope of work includes the construction of an elevated pedestrian bridge across NE 8^th Street adjacent to the Sound Transit Wilburton Station, as well as related work to improve pedestrian traffic between NE 6^th Street and NE 10^th Street.

“We have successfully built a number of structural steel truss bridges in the area, including the Tolt River Bridge. This project continues our long-standing partnership with King County to deliver projects that connect our communities,” said Granite Vice President of Regional Operations Mike Stein. “The Eastside Corridor Regional Trail NE 8^th Street Crossing allows us to maintain continuity for our structures team with a highly architectural structure.”

The project is projected to start in March 2022 and anticipated to be complete in June 2023.

About Granite

Celebrating its centennial year, 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 provider in the transportation, water infrastructure, and mineral exploration markets. 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 graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220111005395/en/

Granite Contacts

Media

Erin Kuhlman, 831-768-4111

Investors

Wenjun Xu, 831-761-7861

Source: Granite

FAQ

What is the value of the contract secured by Granite (GVA) for the Bellevue project?

Granite has secured a $16 million contract for the Eastside Rail Corridor Regional Trail NE 8th Street Crossing project.

When is the expected completion date for the Eastside Rail Corridor project?

The project is anticipated to be completed by June 2023.

Who awarded the contract for the Eastside Rail Corridor project to Granite (GVA)?

The contract was awarded by King County and funded by King County and Sound Transit.