-

Granite Awarded $12 Million Roadway Construction Project in California’s Central Valley

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced it has been awarded a $12 million contract for the Oakhurst Midtown Connector project by the County of Madera in Oakhurst, California. The contract was included in Granite's third quarter 2020 backlog.

By constructing a new two-lane road connecting State Route 41 with Indian Springs Road/High School Road, in Oakhurst, traffic congestion from Highway 41 to Road 426 will be alleviated. Granite will be responsible for the construction of the new roadway, cast-in-place box girder bridge over Nelder Creek, bike lanes, sidewalks, and two signalized intersections.

“We look forward to working with Madera County on this project to help mitigate traffic congestion and provide a safe path for pedestrians and cyclists,” said Granite Area Manager Jeff Grimm. “The project will also benefit from the internal joint venture between our Granite Fresno and Bakersfield teams.”

Construction is underway and expected to be complete in spring 2022.

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 provider in the transportation, water infrastructure and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for eleven consecutive years, 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.

Contacts

Media
Erin Kuhlman 831-768-4111
Investors
Lisa Curtis 831-728-7532

Granite

NYSE:GVA

Release Versions

Contacts

Media
Erin Kuhlman 831-768-4111
Investors
Lisa Curtis 831-728-7532

Social Media Profiles
More News From Granite

Granite Awarded $41 Million Project in Orange County, Florida

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded the All American Boulevard Construction and Kennedy Boulevard Widening project by Orange County, Florida. The project will deliver critical roadway and intersection improvements aimed at easing congestion and improving traffic flow in a busy commercial corridor. The contract value is approximately $41 million and will be included in Granite’s second quarter 2026 CAP. The scope of work includes cons...

Granite Construction Incorporated Announces Redemption of Outstanding 3.75% Convertible Senior Notes due 2028

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) (“Granite”) today announced that it has called all of its outstanding 3.75% Convertible Senior Notes due 2028 (the “2028 Notes”) (CUSIP No. 387328 AD9) for redemption on August 10, 2026 (the “Redemption Date”). The redemption price will be an amount in cash equal to 100% of the principal amount of each 2028 Note called for redemption, plus accrued and unpaid interest on such 2028 Note to, but excluding, the Rede...

Granite Construction Incorporated Prices $600 Million Senior Notes Offering

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) (“Granite”) announced today that it has priced its previously announced offering of $600.0 million aggregate principal amount of 6.375% senior notes due 2034 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will be guaranteed by each of Granite’s existing and future domestic subsidiaries that is a borrower or gua...
Back to Newsroom