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Stock impact report

Granite Announces Pavement Rehabilitation Project on SR 99 in Tulare, California

Granite Construction Incorporated (GVA) 
Last granite construction incorporated earnings: 10/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.graniteconstruction.com
Company Research Source: Business Wire
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $21 million contract by the California Department of Transportation (Caltrans) to rehabilitate three miles of pavement on both the northbound and southbound lanes of State Route 99 (SR 99) through Tulare, California. Project funding is to come from federal sources and was included in Granite’s third-quarter CAP.The existing pavement will be removed using cold planing and replaced with 56,300 tons of hot mix asphalt (HMA), followed by a cap of 7,200 tons of rubberized hot mix asphalt (RHMA). In addition to the mainline, thirteen ramps along the corridor will also be repaved. At ten locations, existing concrete pavement at under crossings will be replaced with 2,500 cubic yards of jointed plain concrete pavement.The project also includes comprehensive drainage improvements, upgraded roadside signage, and new striping. The median will be enhanced with the removal and replacement of nearly 32,00 Show less Read more
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