Granite Awarded $25.7 Million Airfield Safety Enhancement Project at Tucson International Airport

Rhea-AI Summary

Granite (NYSE:GVA) has secured the DBB1 contract from the Tucson Airport Authority, contributing to the Airfield Safety Enhancements program at Tucson International Airport. This approximately $25.7 million contract marks Granite's 14th project at TUS in 10 years and will be part of their third-quarter commitments. The project aims to enhance airfield safety and access for the Air National Guard, with work including taxiway construction, drainage, and pavement markings. Project initiation is slated for October 2021, with completion expected in January 2023.

Positive

• Secured a $25.7 million contract for Airfield Safety Enhancements, indicating strong business momentum.
• This project is the 14th awarded to Granite at Tucson International Airport over the past decade, showing a solid relationship with TAA.
• Expected to contribute to long-term safety and operational efficiency at TUS.

Negative

• None.

Granite (NYSE:GVA) announced it has been awarded the DBB1 contract by the Tucson Airport Authority (TAA) as part of their Airfield Safety Enhancements (ASE) program at Tucson International Airport (TUS) in Tucson, Arizona. The new project, in concert with the previously awarded Construction Manager at Risk (CMAR) project at TUS, continues Granite’s history of successful partnership and coordination with TAA. DBB1 is the 14^th project at TUS awarded to Granite in the past 10 years. The approximately $25.7 million contract is anticipated to be included in Granite’s third quarter committed and awarded projects.

The ASE program will transition the airfield at Tucson International Airport (TUS) into a new era of safety and provide redundancy with a second parallel runway that will serve the Southern Arizona region for decades to come. The DBB1 project represents a key phase of the ASE program and will expand access for the Air National Guard and other fixed-base operations on the southwest side of the airfield. Scope of work includes the construction of the new bypass taxiway including pavement removal, earthwork, electrical, drainage, pavement markings, and landscaping.

“The DBB1 project naturally ties into our existing work at the airport and fills an anticipated break in construction on the CMAR,” said Granite Area Manager Anthony Alfonso. “Securing this project allows our team to maintain focus on the airfield and provide best value to TAA on the ASE program, benefitting all stakeholders.”

Projected start date on the project is October 2021, with completion expected in January 2023. Granite’s Swan Plant, which is adjacent to property owned by TAA and within five miles of the airport, will provide approximately 45,000 tons of hot mix asphalt, 90,000 tons of aggregate base course, and an additional 15,000 tons of miscellaneous aggregate for the project.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210819005034/en/

FAQ

What is the DBB1 contract awarded to Granite (GVA)?

The DBB1 contract is an approximately $25.7 million project awarded by the Tucson Airport Authority, part of the Airfield Safety Enhancements program at Tucson International Airport.

When is the DBB1 project expected to start and finish?

The project is projected to start in October 2021 and is expected to be completed by January 2023.

How many projects has Granite (GVA) completed at Tucson International Airport?

Granite has completed 14 projects at Tucson International Airport in the past 10 years.

What are the benefits of the DBB1 contract for Tucson International Airport?

The DBB1 project aims to enhance airfield safety and provide redundancy for operations, improving access for the Air National Guard and other entities.