Granite to Enhance Safety and Efficiency on Iconic SR33 in Kern County, California

Rhea-AI Summary

Granite (NYSE:GVA) has been awarded a $27 million contract by Caltrans to enhance a 19-mile stretch of State Route 33 in Kern County, California. The project, set to begin in November 2024 and complete in January 2026, involves widening shoulders, resurfacing, and improving drainage systems. Key features include:

• Adding 5-foot shoulders on both sides
• Utilizing 115,160 tons of Hot Mix Asphalt from Granite's local facility
• Replacing 19 drainage systems and constructing new culverts
• Enhancing road safety and driving conditions

This project showcases Granite's vertically integrated business model and builds on their 50-year history in Kern County.

Positive

• Secured a $27 million contract from Caltrans
• Project utilizes 115,160 tons of HMA from Granite's own facility
• Demonstrates vertical integration, ensuring reliable supply chain
• Builds on 50-year history of successful projects in Kern County

Negative

• None.

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) has been awarded an approximately $27 million contract by the California Department of Transportation (Caltrans) to widen shoulders and resurface a 19-mile stretch of State Route 33 (SR33) in Kern County, California. Project funding to come from Caltrans and was included in Granite’s second-quarter CAP.

Spanning 19 miles from the SR33/SR46 intersection at Blackwells Corner to just north of McKittrick, the project will enhance road safety and driving conditions for all users. The project scope includes widening the existing 2-lane road by adding 5-foot shoulders on both sides, localized asphalt repairs, and a Hot Mix Asphalt (HMA) overlay for the entire project length. This project utilizes 115,160 tons of HMA, a critical project feature, supplied by Granite’s Solari Sand and Gravel facility in Kern County.

“Our vertically integrated business model provides a reliable supply chain of asphalt and aggregates to the project, which is critical to the project’s timely completion,” said Brad Estes, Granite Senior Vice President of Materials.

In addition to the roadway resurfacing, the project includes removing and replacing 19 drainage systems, constructing two new box culverts, five new headwalls, and about 800 linear feet of new storm drainpipe.

“This project builds on the successful completion of many projects in Kern County over the past 50 years,” said Larry Camilleri, Granite Vice President of Regional Operations. “Our team is excited to deliver another important project, on time, for Caltrans and the traveling public.”

The project is expected to begin November 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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240718235863/en/

Granite Contacts

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Source: Granite

FAQ

What is the value of Granite's contract for the SR33 project in Kern County, California?

Granite (NYSE:GVA) has been awarded an approximately $27 million contract by Caltrans for the SR33 project in Kern County, California.

When is the SR33 improvement project in Kern County expected to begin and end?

The SR33 improvement project in Kern County is expected to begin in November 2024 and be completed in January 2026.

How many miles of State Route 33 will Granite (GVA) be improving in Kern County?

Granite will be improving a 19-mile stretch of State Route 33 in Kern County, from the SR33/SR46 intersection at Blackwells Corner to just north of McKittrick.

What are the main improvements Granite (GVA) will make to SR33 in Kern County?

Granite will widen the existing 2-lane road by adding 5-foot shoulders on both sides, perform localized asphalt repairs, apply a Hot Mix Asphalt overlay, and improve drainage systems along the 19-mile stretch of SR33.