Granite Continues Commitment to Highway Safety with $45 Million Project on I-40
Granite (NYSE:GVA) has been awarded a $45 million contract by Caltrans to reconstruct and modernize the John Wilkie Safety Roadside Rest Area along Interstate 40 (I-40). This project, the fifth in a series of safety initiatives on I-40, aims to provide a safe resting place for travelers in a remote area. The scope includes constructing a modern rest area with 12,200 tons of asphalt supplied by Granite's Desert Cities Asphalt for parking lots and ramps.
The project is set to begin in September 2024 and finish in January 2026. It's part of Granite's ongoing commitment to enhancing highway safety and strengthening its relationship with Caltrans. The contract was included in Granite's second-quarter CAP, highlighting the company's continued involvement in critical infrastructure projects.
Granite (NYSE:GVA) ha ricevuto un contratto di 45 milioni di dollari da Caltrans per ricostruire e modernizzare l'area di sosta sicura John Wilkie lungo l'Interstate 40 (I-40). Questo progetto, il quinto di una serie di iniziative per la sicurezza su I-40, mira a fornire un luogo di sosta sicuro per i viaggiatori in un'area remota. L'ambito del progetto include la costruzione di un'area di sosta moderna con 12.200 tonnellate di asfalto fornito dall'asfalto Desert Cities di Granite per i parcheggi e le rampe.
Il progetto dovrebbe iniziare a settembre 2024 e concludersi a gennaio 2026. Fa parte dell'impegno continuo di Granite per migliorare la sicurezza stradale e rafforzare la sua collaborazione con Caltrans. Il contratto è stato incluso nel CAP del secondo trimestre di Granite, evidenziando il continuo coinvolgimento dell'azienda in progetti infrastrutturali critici.
Granite (NYSE:GVA) ha sido adjudicada un contrato de 45 millones de dólares por Caltrans para reconstruir y modernizar el área de descanso John Wilkie a lo largo de la Interestatal 40 (I-40). Este proyecto, el quinto en una serie de iniciativas de seguridad en la I-40, tiene como objetivo proporcionar un lugar de descanso seguro para los viajeros en un área remota. El alcance incluye la construcción de un área de descanso moderna con 12,200 toneladas de asfalto suministrado por el asfalto Desert Cities de Granite para aparcamientos y rampas.
El proyecto está previsto que comience en septiembre de 2024 y finalice en enero de 2026. Es parte del compromiso continuo de Granite para mejorar la seguridad en las carreteras y fortalecer su relación con Caltrans. El contrato fue incluido en el CAP del segundo trimestre de Granite, destacando la continua participación de la empresa en proyectos de infraestructura críticos.
Granite (NYSE:GVA)는 Caltrans로부터 4천 5백만 달러 계약을 체결하여 Interstate 40 (I-40)沿의 John Wilkie 안전 휴게소를 재건축하고 현대화합니다. 이 프로젝트는 I-40에서 안전을 위한 이니셔티브 시리즈의 다섯 번째로, 외딴 지역의 여행자들에게 안전한 휴식처를 제공하는 것을 목표로 합니다. 범위에는 Granite의 Desert Cities Asphalt에서 공급하는 12,200톤의 아스팔트를 사용하여 주차장과 경사로를 포함한 현대적인 휴게소를 건설하는 것이 포함됩니다.
이 프로젝트는 2024년 9월에 시작되어 2026년 1월에 완료될 예정입니다. Granite의 고속도로 안전을 향상시키고 Caltrans와의 관계를 강화하려는 지속적인 노력의 일환입니다. 이 계약은 Granite의 2분기 CAP에 포함되어 있으며, 회사의 중요한 인프라 프로젝트에 대한 지속적인 참여를 강조합니다.
Granite (NYSE:GVA) a reçu un contrat de 45 millions de dollars de Caltrans pour reconstruire et moderniser la zone de repos sécurisée John Wilkie le long de l'Interstate 40 (I-40). Ce projet, le cinquième d'une série d'initiatives de sécurité sur l'I-40, vise à fournir un endroit sûr pour que les voyageurs puissent se reposer dans une zone reculée. Le périmètre comprend la construction d'une zone de repos moderne avec 12 200 tonnes d'asphalte fourni par l'asphalte Desert Cities de Granite pour les parkings et les rampes.
Le projet doit commencer en septembre 2024 et se terminer en janvier 2026. Il s'inscrit dans l'engagement continu de Granite à améliorer la sécurité routière et à renforcer sa collaboration avec Caltrans. Le contrat a été inclus dans le CAP du deuxième trimestre de Granite, mettant en évidence l'implication continue de l'entreprise dans des projets d'infrastructure critiques.
Granite (NYSE:GVA) wurde von Caltrans ein 45-Millionen-Dollar-Vertrag zur Rekonstruktion und Modernisierung des John Wilkie Safety Roadside Rest Area entlang der Interstate 40 (I-40) vergeben. Dieses Projekt, das fünfte in einer Reihe von Sicherheitsinitiativen auf der I-40, zielt darauf ab, Reisenden in einem abgelegenen Gebiet einen sicheren Rastplatz zu bieten. Der Umfang umfasst den Bau eines modernen Rastplatzes mit 12.200 Tonnen Asphalt, der von Granites Desert Cities Asphalt für Parkplätze und Rampen geliefert wird.
Das Projekt soll im September 2024 beginnen und im Januar 2026 abgeschlossen werden. Es ist Teil von Granites fortlaufendem Engagement zur Verbesserung der Verkehrssicherheit und zur Stärkung der Zusammenarbeit mit Caltrans. Der Vertrag wurde im CAP des zweiten Quartals von Granite aufgeführt, was das kontinuierliche Engagement des Unternehmens in kritischen Infrastrukturprojekten hervorhebt.
- Secured a $45 million contract for I-40 rest area reconstruction
- Project included in Granite's second-quarter CAP
- Strengthens ongoing relationship with Caltrans
- Provides 12,200 tons of asphalt from Granite's own Desert Cities Asphalt
- None.
Insights
Granite's
The I-40 rest area project represents a strategic investment in highway safety infrastructure. By providing a modern rest area in a remote location, this project addresses a critical need for driver safety and comfort. The comprehensive approach, including previous median improvements and slope adjustments, demonstrates a holistic strategy to enhance road safety. This project aligns with broader trends in infrastructure modernization, potentially positioning Granite for similar contracts in the future. The use of high-quality asphalt for parking lots and ramps suggests a focus on durability and long-term cost-effectiveness, which could be viewed favorably by other state transportation departments considering similar upgrades.
This contract win reinforces Granite's strong position in the California infrastructure market and its positive relationship with Caltrans. Being the fifth project in a series along I-40 indicates Granite's ability to secure repeat business, a key factor for steady growth. The focus on safety improvements aligns with increasing public and government emphasis on infrastructure safety, potentially opening doors for similar projects nationwide. However, investors should consider the cyclical nature of government infrastructure spending and its sensitivity to economic conditions. The project's timeline, extending into 2026, provides some visibility into Granite's future workload, but also highlights the long-term nature of such contracts, which can impact short-term financial metrics.
This project marks the fifth in a series of initiatives to improve safety and infrastructure along I-40. The project scope includes constructing a modern rest area for motorists. Given the significant distance from the nearest town, this upgraded rest area will provide a safe place for travelers to rest and recover, enhancing safety along this stretch of the interstate.
Previous projects included filling in the median, flattening slopes adjacent to the roadway, and creating recovery areas for vehicles that leave the highway.
“We are committed to making I-40 safer for all who travel through this area,” said Bill Moore, Granite Vice President of Regional Operations. “Our relationship with Caltrans has been fostered and strengthened through our continued work along the I-40 corridor, and we are excited to contribute further to this vital infrastructure.”
Granite will provide materials from Desert Cities Asphalt, including 12,200 tons of asphalt for parking lots and ramps, ensuring the highest quality and durability for the new rest area.
The project is expected to begin in September 2024 and be completed in January 2026.
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
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