Granite Selected for I-10 Pavement Rehabilitation Project in Tucson, Arizona

Rhea-AI Summary

Granite (NYSE:GVA) has secured a $15 million contract from the Arizona Department of Transportation for pavement rehabilitation and bridge deck repair on Interstate 10 in Tucson, Arizona. Funded by the Federal Highway Administration and ADOT, the project spans nearly 10 miles and involves various improvements including asphalt removal, guardrail construction, and highway lighting installation. Scheduled to start in December 2022 and conclude by August 2023, this initiative continues Granite's long-standing partnership with ADOT, enhancing their operational portfolio.

Positive

• Awarded a $15 million contract for pavement rehabilitation, potentially increasing revenue.
• Continuation of a successful partnership with the Arizona Department of Transportation.
• Project expected to enhance infrastructure in Tucson, Arizona.

Negative

• None.

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) announced today that it has been awarded an approximately $15 million rehabilitation contract by the Arizona Department of Transportation (ADOT) for pavement rehabilitation and bridge deck repair. The project will be funded by Federal Highway Administration and ADOT to improve an almost 10 mile stretch of Interstate 10 (I-10) in Tucson, Arizona. The award is expected to be included in Granite’s fourth quarter CAP.

The pavement rehabilitation project is in Pima County, on I-10 within Tucson city limits, beginning at milepost 262.4 and extending east along I-10 to milepost 272. The scope of work includes the removal of existing asphaltic concrete friction course (ACFC) by milling and replacing with new asphalt-rubber concrete friction course (AR-ACFC), placing crack seal and fog coat on the shoulders, constructing guardrail, bridge deck repair and installing conduit, traffic signs, pavement markings, and highway lighting. Granite’s Arizona Swan plant will provide approximately 29,000 tons of hot mix asphalt to the project, including 40 shifts of night paving which will increase daily plant production.

“We have a longstanding relationship with ADOT, and this project will build on our current work with the organization,” said Anthony Alfonso, Granite area manager. “The project team just completed two ADOT resurfacing projects in Q3 2022.”

The project is expected to begin December 2022 and to be completed August 2023.

About Granite

Celebrating its centennial year, 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 graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221117005200/en/

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Source: Granite

FAQ

What contract did Granite (GVA) secure recently?

Granite secured a $15 million contract for pavement rehabilitation and bridge deck repair on Interstate 10 in Tucson, Arizona.

When is the project for Granite's new contract expected to start and end?

The project is expected to start in December 2022 and conclude by August 2023.

Who is funding Granite's $15 million project in Arizona?

The project is funded by the Federal Highway Administration and the Arizona Department of Transportation.

How long is the stretch of Interstate 10 Granite will work on?

Granite will work on an almost 10-mile stretch of Interstate 10 in Tucson.

What improvements are included in Granite's new contract work?

Improvements include asphalt removal, bridge deck repair, guardrail construction, and installation of traffic signs and highway lighting.