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Granite Secures $20 Million Road Improvement Contract in Chandler, Arizona
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Rhea-AI Summary
Granite (NYSE:GVA) has secured a significant $20 million road improvement project in Chandler, Arizona. This federally funded initiative is the largest contract awarded to Granite’s newly established Phoenix Area office. The project aims to enhance road safety along Chandler Heights Road, expanding it to at least four lanes, and includes various improvements such as updated sidewalks, traffic signals, and utilities. The project is set to commence in May 2022 and is expected to conclude by July 2023.
Positive
Awarded a major $20 million federally funded project.
Largest contract for the newly established Phoenix Area office.
Improvements to road safety and infrastructure.
Project expected to enhance local manpower and resources.
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None.
WATSONVILLE, Calif.--(BUSINESS WIRE)--
Granite (NYSE:GVA) announced today it has been awarded a major road improvement project by the City of Chandler, Arizona. The approximately $20 million award will be federally funded and managed by the city. It is the largest contract so far for Granite’s newly established Phoenix Area office and will improve road safety and features along Chandler Heights Road from McQueen Road to Gilbert Road. The award is anticipated to be included in Granite’s first quarter CAP.
The scope of work includes widening the existing road to at least four lanes, a raised, landscaped median, and curb and gutter work. Additional safety features include upgrades to the sidewalks for ADA compliance, new traffic signals, and LED streetlights. The project will also feature both dry and wet utilities improvements—including extension of fiber, buried irrigation and upgraded storm drainage.
“The Chandler Road project will serve as an anchor project for our Phoenix Area team,” said Todd Hill, Granite vice president of regional operations. “It will allow us to ramp up our local manpower and resources to most efficiently construct this project and set us up for success on future projects in the Valley.”
The project is expected to begin in May 2022 and projected completion is July 2023.
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 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, Twitter, Facebook, and Instagram.
