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Granite (NYSE:GVA) secured a $31 million subcontract from Skanska USA for a highway project in Bothell, WA. The project will improve I-405 with increased ETL capacity, direct access ramps, and enhanced transit connections. Granite aims to support WSDOT and Western Washington's transportation needs.
Granite (NYSE:GVA) ha ottenuto un subappalto da 31 milioni di dollari da Skanska USA per un progetto stradale a Bothell, WA. Il progetto prevede il miglioramento dell'I-405 con un aumento della capacità ETL, rampe di accesso diretto e migliori connessioni di transito. Granite mira a sostenere le necessità di trasporto del WSDOT e del Washington occidentale.
Granite (NYSE:GVA) ha asegurado un subcontrato de 31 millones de dólares de Skanska USA para un proyecto de autopista en Bothell, WA. El proyecto mejorará la I-405 aumentando la capacidad ETL, incorporando rampas de acceso directo y mejorando las conexiones de tránsito. Granite tiene como objetivo apoyar las necesidades de transporte de WSDOT y del oeste de Washington.
Granite (NYSE:GVA)는 워싱턴주 보델에서 진행되는 고속도로 프로젝트를 위해 Skanska USA로부터 3천1백만 달러 규모의 하도급을 확보하였습니다. 이 프로젝트는 I-405의 ETL 용량 증대, 직접 접근 램프, 그리고 개선된 대중교통 연결을 목표로 합니다. Granite은 WSDOT 및 서부 워싱턴의 교통 요구를 지원하고자 합니다.
Granite (NYSE:GVA) a obtenu un sous-contrat de 31 millions de dollars de Skanska USA pour un projet autoroutier à Bothell, WA. Le projet vise à améliorer l'I-405 en augmentant la capacité des voies ETL, en ajoutant des rampes d'accès direct et en améliorant les connexions de transit. Granite s'engage à répondre aux besoins de transport du WSDOT et de l'ouest de Washington.
Granite (NYSE:GVA) hat einen 31 Millionen Dollar Subunternehmervertrag von Skanska USA für ein Autobahnprojekt in Bothell, WA erhalten. Das Projekt soll die I-405 verbessern, indem es die ETL-Kapazität erhöht, direkte Zugangsrampen hinzufügt und die Transitverbindungen verbessert. Granite beabsichtigt, die Verkehrsbedürfnisse des WSDOT und von West-Washington zu unterstützen.
Positive
Secured a $31 million subcontract for a highway project in Bothell, WA
Enhanced express toll lane capacity and transit service connections
Strengthened relationship with Skanska in the Seattle market
Providing consistent paving backlog for the region for the next three years
Negative
Project expected to begin in April 2024, with completion set for December 2027
Dependence on the subcontract from Skanska USA for project execution
Potential delays or unforeseen challenges during the project timeline
WATSONVILLE, Calif.--(BUSINESS WIRE)--
Granite (NYSE:GVA) has been awarded a subcontract worth approximately $31 million by prime contractor Skanska USA, to work on Washington State Department of Transportation (WSDOT) and Sound Transit’s highway project to provide roadway improvements along a four-and-a-half-mile corridor on Interstate 405 (I-405) in Bothell, WA. The project will be included in Granite’s first-quarter CAP.
Key features of the project include increased express toll lane (ETL) capacity, direct access to state highways, and enhanced regional transit service connections. The project aims at improving transportation mobility and reliability throughout Bothell and surrounding regions. Motorists can look forward to one new ETL in each direction between south of SR 522 and SR 527, widening I-405 through the SR 522 interchange, building direct access ramps to ETLs at SR 522, and partial direct access interchange at SR 527 connecting Canyon Park and Ride.
Additionally, enhanced connections will be established for regional transit service at both the University of Washington Bothell Station (SR 522) and Canyon Park Station (SR 527). A new transit-only Bus Rapid Transit station will also be introduced along the I-405 corridor.
“Granite is excited to build a local relationship with Skanska in the Seattle market and continue to support WSDOT and the traveling public in Western Washington,” said Beth Duffus, Granite Project Manager. “Supporting WSDOT on this project complements Granite's vertically integrated business in Seattle as Granite's Smith Island asphalt plant will produce 195,000 tons of 1/2" HMA and recycle 50,000 tons of RAP. Securing this backlog helps the region with consistent paving backlog for the next three years and provides a strong foundation to continue to grow this side of the business.”
The project is anticipated to begin in April 2024 and Granite’s project scope is expected to be completed by December 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 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.
