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Granite Awarded $20 Million Four-Lane Widening Project in California’s Central Valley

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Granite (NYSE:GVA) has secured a $20 million contract from the California Department of Transportation for the State Route 46 4-Lane Widening Project in Lost Hills, California. This project will expand the highway from two to four lanes and includes significant infrastructure enhancements, such as a new bridge over the California Aqueduct and various crosswalks. Construction is scheduled to start in March 2021 and conclude by June 2022. This venture will utilize materials from Granite's new Solari Facility, contributing to its project backlog for the first quarter of 2021.

Positive
  • Secured a $20 million contract, boosting revenue potential.
  • First project utilizing materials from the new Solari Facility, enhancing operational efficiency.
  • Strengthens relationship with Caltrans, promoting future work opportunities.
Negative
  • None.

Granite (NYSE:GVA) announced that it has been awarded a $20 million contract by the California Department of Transportation (Caltrans) for the State Route 46 4-Lane Widening Project in Lost Hills, California. The contract is anticipated to be included in Granite's first quarter 2021 backlog.

The project widens State Route 46 from a two-lane to a four-lane highway between post miles 29.7 and 31.9 in Kern County. Scope of work includes the construction of two new lanes, a bridge over the California Aqueduct, a high-intensity activated crosswalk beacon at the State Route 46/Bruning Avenue intersection, a large drainage basin on the west side of Lost Hills Road, as well as curb, gutter, and crosswalks throughout the town of Lost Hills.

“We have a 45-year history of working with Caltrans District 6 to improve safety and mobility for the traveling public in California’s Central Valley,” said Granite Area Manager Darryl Ebel. “What makes this project unique is our construction of a new bridge over the California Aqueduct. Working over the aqueduct requires heightened awareness, planning, and execution to prevent environmental impacts. Granite’s environmental professionals will provide integrated project support by helping to plan operations and protect this critical water conveyance resource during all phases of the project.”

This will be the first project to incorporate construction materials from Granite’s new Solari Facility in Bakersfield, California. Construction materials for the project will include 117,000 tons of aggregate base, 35,000 tons of hot mix asphalt, and 15,000 tons of rubberized asphalt concrete.

Construction is expected to begin in March 2021 and is expected to conclude in June 2022.

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 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.

FAQ

What is the value of Granite's new contract with Caltrans for the State Route 46 project?

Granite's new contract with Caltrans is valued at $20 million.

When is construction scheduled to begin for the State Route 46 project?

Construction is scheduled to begin in March 2021.

What is the expected completion date for the State Route 46 4-Lane Widening Project?

The project is expected to be completed by June 2022.

What key infrastructure will be included in the State Route 46 project?

The project will include the construction of two new lanes, a bridge over the California Aqueduct, and various crosswalks.

How will the new Solari Facility impact Granite's projects?

The Solari Facility will supply construction materials for the project, enhancing Granite's operational efficiency.

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