Granite Awarded $39 Million Light Rail Station Project in Seattle

WATSONVILLE, Calif.--()--Granite Construction Incorporated (NYSE:GVA) announced today that it has been awarded a $39 million sub-contract by Absher Construction Company to construct the Northgate Station in Seattle, Washington. The project will be booked in Granite’s third quarter 2016 backlog.

Scope of work includes the construction of a half-mile of elevated rail structure and associated work. The new station will provide access to the transit center, adjacent park-and-ride facilities, North Seattle Community College, local shopping and nearby homes and businesses.

The Northgate Station project is part of the light rail improvements for Sound Transit’s growing public transit network. Sound Transit plans, builds and operates express bus, light rail and commuter train services throughout King, Pierce and Snohomish counties.

Construction is scheduled to begin in October 2016 and is scheduled to be complete by December 2018. For more information visit the Sound Transit website.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE:GVA) is one of the nation’s largest infrastructure contractors and construction materials producers. Granite specializes in complex infrastructure projects, including transportation, industrial and federal contracting, and is a proven leader in alternative procurement project delivery. Granite is an award-winning firm in safety, quality and environmental stewardship, and has been honored as one of the World’s Most Ethical Companies by Ethisphere Institute for seven consecutive years. Granite is listed on the New York Stock Exchange and is part of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell 2000 Index. For more information, visit graniteconstruction.com.

Contacts

Granite Construction Incorporated
Media
Jacque Fourchy, 831-761-4741
Investors
Ronald Botoff, 831-728-7532

Release Summary

Granite Construction Incorporated announced today that it has been awarded a $39 million sub-contract by Absher Construction Company to construct the Northgate Station in Seattle, Washington.

Contacts

Granite Construction Incorporated
Media
Jacque Fourchy, 831-761-4741
Investors
Ronald Botoff, 831-728-7532