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Granite Awarded $39 Million Highway Widening Project in Southern California

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Granite (NYSE:GVA) has secured a $39 million contract for the State Route 74 Ortega Highway Widening Project from California's Department of Transportation (Caltrans). The project aims to enhance safety along this busy route by widening sections from Lake Elsinore to the Riverside/Orange County line. Work includes adding shoulders and rumble strips, set to begin in February 2021 and expected to conclude by June 2022. This contract will contribute to Granite’s fourth quarter 2020 backlog.

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  • Awarded $39 million contract for State Route 74 project.
  • Project expected to enhance safety on a busy route.
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WATSONVILLE, Calif.--()--Granite (NYSE:GVA) announced it has been awarded the State Route 74 Ortega Highway Widening Project by the California Department of Transportation (Caltrans) in Lake Elsinore, California. The $39 million contract is anticipated to be included in Granite’s fourth quarter 2020 backlog.

To enhance the safety of this busy route between the cities of Lake Elsinore and San Juan Capistrano, this project will widen State Route 74 from Lake Elsinore to the Riverside County/Orange County line. Granite’s scope of work includes the construction of widened shoulders and rumble strips in each direction, as well as increased super-elevations on the curves for added safety.

“This section of State Route 74, which connects Interstate 15 and Interstate 5, is narrow and winding, so the addition of shoulders and rumble strips will improve safety for the traveling public,” said Granite Regional Vice President Brad Williams. “This project is an internal joint venture between our Desert Cities and South Coast regions, so each team brings their unique expertise to this partnership with Caltrans.”

Construction is expected to begin in February 2021 and 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. In addition to being one of the World’s Most Ethical Companies for eleven consecutive years, 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.

Contacts

Granite Contacts
Media
Erin Kuhlman 831-768-4111
Investors
Lisa Curtis 831-728-7532

FAQ

What is the value of the project awarded to Granite (GVA)?

Granite has been awarded a $39 million contract for the State Route 74 Ortega Highway Widening Project.

When is the construction for the State Route 74 project expected to start?

Construction for the State Route 74 project is expected to begin in February 2021.

What is the expected completion date for the State Route 74 project?

The expected completion date for the State Route 74 project is June 2022.

What will the State Route 74 project include?

The project will include widening the highway, adding shoulders, and installing rumble strips for safety.

Who awarded the contract for the State Route 74 project to Granite (GVA)?

The contract was awarded by the California Department of Transportation (Caltrans).

Granite Construction Inc.

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