Granite’s $78 Million Road Congestion Relief Project in Anaheim, California
Granite (NYSE:GVA) has secured a $78 million infrastructure project from Caltrans in Orange County, California. The project focuses on demolishing and reconstructing a 320-foot-long concrete bridge to improve mobility in the State Route 55 and State Route 91 (SR 55/91) corridor. The scope includes building retaining walls, sound walls, and implementing both asphalt and concrete paving, along with upgrades to storm drainage and electrical systems.
This initiative is the first of three segmented projects aimed at reducing congestion in the SR 55/91 connector. The project will be funded through state and federal sources and included in Granite's first-quarter CAP. Construction is scheduled to begin in April 2025 and conclude in October 2027.
Granite (NYSE:GVA) ha ottenuto un progetto infrastrutturale del valore di 78 milioni di dollari da Caltrans nella contea di Orange, in California. Il progetto si concentra sulla demolizione e ricostruzione di un ponte in calcestruzzo lungo 320 piedi per migliorare la mobilità nel corridoio della State Route 55 e State Route 91 (SR 55/91). Il progetto prevede la costruzione di muri di contenimento, muri fonoassorbenti e l'implementazione sia di pavimentazioni in asfalto che in calcestruzzo, insieme a migliorie ai sistemi di drenaggio delle acque piovane e agli impianti elettrici.
Questa iniziativa è il primo di tre progetti segmentati mirati a ridurre la congestione nel collegamento SR 55/91. Il progetto sarà finanziato attraverso fonti statali e federali ed è incluso nel CAP del primo trimestre di Granite. I lavori di costruzione sono previsti per iniziare ad aprile 2025 e concludersi a ottobre 2027.
Granite (NYSE:GVA) ha conseguido un proyecto de infraestructura de 78 millones de dólares de Caltrans en el condado de Orange, California. El proyecto se centra en la demolición y reconstrucción de un puente de hormigón de 320 pies de largo para mejorar la movilidad en el corredor de la State Route 55 y la State Route 91 (SR 55/91). El alcance incluye la construcción de muros de contención, muros acústicos y la implementación de pavimentación tanto de asfalto como de hormigón, junto con mejoras en los sistemas de drenaje de aguas pluviales y eléctricos.
Esta iniciativa es el primero de tres proyectos segmentados destinados a reducir la congestión en el conector SR 55/91. El proyecto será financiado a través de fuentes estatales y federales y se incluirá en el CAP del primer trimestre de Granite. La construcción está programada para comenzar en abril de 2025 y concluir en octubre de 2027.
Granite (NYSE:GVA)는 캘리포니아 오렌지 카운티에서 Caltrans로부터 7800만 달러 규모의 인프라 프로젝트를 확보했습니다. 이 프로젝트는 320피트 길이의 콘크리트 교량을 철거하고 재건하는 데 초점을 맞추어 SR 55/91 회랑의 이동성을 개선하는 것입니다. 프로젝트 범위에는 옹벽, 방음벽 건설과 아스팔트 및 콘크리트 포장 시행, 폭풍 배수 및 전기 시스템 업그레이드가 포함됩니다.
이 이니셔티브는 SR 55/91 연결구역의 혼잡을 줄이기 위한 세 개의 세분화된 프로젝트 중 첫 번째입니다. 이 프로젝트는 주 및 연방 자원을 통해 자금을 지원받으며 Granite의 1분기 CAP에 포함될 예정입니다. 공사는 2025년 4월에 시작되어 2027년 10월에 종료될 예정입니다.
Granite (NYSE:GVA) a obtenu un projet d'infrastructure de 78 millions de dollars de Caltrans dans le comté d'Orange, en Californie. Le projet se concentre sur la démolition et la reconstruction d'un pont en béton de 320 pieds de long afin d'améliorer la mobilité dans le couloir de la State Route 55 et de la State Route 91 (SR 55/91). Le projet comprend la construction de murs de soutènement, de murs anti-bruit, ainsi que l'implémentation de revêtements en asphalte et en béton, et des améliorations des systèmes de drainage des eaux pluviales et électriques.
Cette initiative est le premier de trois projets segmentés visant à réduire la congestion dans le connecteur SR 55/91. Le projet sera financé par des sources d'État et fédérales et inclus dans le CAP du premier trimestre de Granite. La construction est prévue pour commencer en avril 2025 et se terminer en octobre 2027.
Granite (NYSE:GVA) hat ein Infrastrukturprojekt im Wert von 78 Millionen Dollar von Caltrans im Orange County, Kalifornien, gesichert. Das Projekt konzentriert sich auf den Abbruch und die Rekonstruktion einer 320 Fuß langen Betonbrücke, um die Mobilität im Korridor der State Route 55 und State Route 91 (SR 55/91) zu verbessern. Der Umfang umfasst den Bau von Stützmauern, Lärmschutzwänden sowie die Umsetzung von Asphalt- und Betonbelägen, sowie Verbesserungen der Regenentwässerung und elektrischen Systeme.
Diese Initiative ist das erste von drei segmentierten Projekten, die darauf abzielen, die Staus im SR 55/91-Anschluss zu reduzieren. Das Projekt wird durch staatliche und bundesstaatliche Mittel finanziert und ist im CAP von Granite für das erste Quartal enthalten. Der Bau soll im April 2025 beginnen und im Oktober 2027 abgeschlossen sein.
- Secured substantial $78 million contract from Caltrans
- Project strengthens relationship with District 12, improving future contract opportunities
- Largest local Caltrans project for Granite's LAOC team to date
- Construction won't begin until April 2025, delaying revenue recognition
Insights
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Several key factors make this contract particularly valuable:
- The project's federal and state funding sources essentially eliminate payment risk, providing reliable cash flow visibility through 2027
- Being the first of three planned segments suggests strong potential for follow-on work, especially given Granite's proven track record with Caltrans
- The scope complexity, including bridge demolition and specialized system upgrades, plays to Granite's core competencies while potentially offering higher margins than standard road work
The timing is particularly advantageous as it coincides with increased infrastructure spending across California. The project's focus on congestion relief aligns with state priorities, potentially positioning Granite favorably for future alternative delivery projects in the region. The two-time partnering award mention suggests strong execution capabilities and established relationships with key decision-makers.
Looking ahead, this project could serve as a catalyst for Granite's growth in the LA/Orange County market. The experience gained from managing complex urban infrastructure projects strengthens their competitive position for upcoming opportunities, particularly in the alternative delivery space where past performance and local presence are critical differentiators.
The project is centered around the demolition and reconstruction of a 320-foot-long concrete bridge. This new bridge is designed to improve mobility throughout the State Route 55 and State Route 91 (SR 55/91) corridor by reducing weaving and merging between ramps, thereby enhancing traffic flow and safety.
In addition to the bridge work, the project will include the construction of retaining walls, sound walls, and both asphalt and concrete paving. The development will also see upgrades to the area's storm drainage and electrical systems, ensuring a modern, efficient, and sustainable infrastructure.
This is the first of three segmented projects aimed at improving the SR 55/91 connector and reducing congestion caused by the bottleneck through the SR 55 and SR 91 transition corridor.
“This project represents the largest local Caltrans project that Granite’s
Construction is expected to begin in April 2025 and be completed in October 2027.
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20250211320584/en/
Granite Contacts
Media
Erin Kuhlman 831-768-4111
Investors
Wenjun Xu - 831-761-7861
Source: Granite Construction Incorporated
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