An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Granite Continues Airfield Safety Enhancement Program at Tucson International Airport
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Granite (NYSE:GVA) has been awarded a $12 million contract by the Tucson Airport Authority (TAA) for the Airfield Safety Enhancement Program at Tucson International Airport. The contract is part of a $130 million multi-year Construction Manager at Risk project. The majority of funding will come from the Federal Aviation Administration (FAA). Granite will handle the demolition of Runway 11R/29L and construct a new runway, 12/30. The scope of work includes demolition, earthwork, storm drain, and fencing.
Positive
None.
Negative
None.
WATSONVILLE, Calif.--(BUSINESS WIRE)--
Granite (NYSE:GVA) announced today that it has been awarded an approximately $12 million dollar contract by the Tucson Airport Authority (TAA) as part of the TAA’s estimated $400 million, multi-year Airfield Safety Enhancement Program at Tucson International Airport (TUS). This will be the third Guaranteed Maximum Price (GMP 3) work package awarded as part of TAA’s previously announced $130 million multi-year Construction Manager at Risk (CMAR) project. The majority of funding will come from the Federal Aviation Administration (FAA) through the Airport Improvement Program, and the TAA will provide the requisite matching share.
GMP 3 will handle the demolition of Runway 11R/29L, a runway used primarily by General Aviation, followed by a new, reconstructed runway, 12/30, as part of GMP 4. The primary GMP 3 scope of work includes demolition, clearing and grubbing, earthwork, storm drain, and fencing.
Granite’s Swan Plant, located within five miles of the project, will provide approximately 3,700 tons of bedding sand for the storm drain on the initial package.
“Granite has been working consistently at Tucson International Airport for the past 10+ years and has built a solid reputation for its work product. We are the go-to contractor for airside civil work in a secure environment,” said Zach Thompson, Granite Area Manager. “Our safety record over the past year and a half has been exemplary with no air traffic incursions while reconstructing or constructing multiple taxiways and aprons.”
"What truly excites me about this project is that, when it is completed, the airfield safety enhancement project will meet current federal safety standards established by the FAA," said Danette Bewley, President and CEO of TAA. "In addition, the redundancy of the parallel runways will serve the Southern Arizona region well for decades to come."
This phase of the project is anticipated to begin November 2023 and expected to be completed April 2024.
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.
About Tucson Airport Authority
The Tucson Airport Authority (TAA) is an independent, non-profit organization with the responsibility to operate, manage and develop Tucson International Airport (TUS) and Ryan Airfield (RYN). The TAA receives no local tax dollars. It sustains operations from airport-generated revenues, like concessions, leases and landing fees. The TAA invests millions each year in safety, security, and customer service for the benefit of travelers, tenants, employees, and the entire Southern Arizona region. The airport system supports nearly 46,000 jobs and contributes to more than $8.3 billion in economic activity.
What is the contract awarded to Granite by the Tucson Airport Authority?
Granite has been awarded a $12 million contract by the Tucson Airport Authority for the Airfield Safety Enhancement Program at Tucson International Airport.
How much is the multi-year Construction Manager at Risk project?
The multi-year Construction Manager at Risk project is worth $130 million.
Where will the majority of funding come from?
The majority of funding will come from the Federal Aviation Administration (FAA) through the Airport Improvement Program.
What work will Granite handle under the contract?
Granite will handle the demolition of Runway 11R/29L and construct a new runway, 12/30. The scope of work includes demolition, earthwork, storm drain, and fencing.
