-

Granite Awarded $39 Million Highway Widening Project in Southern California

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced it has been awarded the State Route 74 Ortega Highway Widening Project by the California Department of Transportation (Caltrans) in Lake Elsinore, California. The $39 million contract is anticipated to be included in Granite’s fourth quarter 2020 backlog.

To enhance the safety of this busy route between the cities of Lake Elsinore and San Juan Capistrano, this project will widen State Route 74 from Lake Elsinore to the Riverside County/Orange County line. Granite’s scope of work includes the construction of widened shoulders and rumble strips in each direction, as well as increased super-elevations on the curves for added safety.

“This section of State Route 74, which connects Interstate 15 and Interstate 5, is narrow and winding, so the addition of shoulders and rumble strips will improve safety for the traveling public,” said Granite Regional Vice President Brad Williams. “This project is an internal joint venture between our Desert Cities and South Coast regions, so each team brings their unique expertise to this partnership with Caltrans.”

Construction is expected to begin in February 2021 and expected to conclude in June 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

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

Industry:

Granite

NYSE:GVA
Release Versions
English

Contacts

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

More News From Granite

Granite Awarded $31 Million Early Works Package for Willow Rock Energy Storage Center in California

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded an approximately $31 million Early Works Grading Package by Hydrostor for its Willow Rock Energy Storage Center (WRESC) Project, located north of Rosamond in Kern County, California. The award will be included in Granite’s third quarter 2026 CAP. The Willow Rock Energy Storage Center is a planned 500 MW Advanced Compressed Air Energy Storage (A-CAES) facility in the Mojave Desert, capable of poweri...

Granite Appoints George L. Nash, Jr. to Board of Directors

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) announced today the appointment of George L. Nash, Jr. to its Board of Directors, effective August 5, 2026. With more than three decades of leadership experience across the global energy, infrastructure, and construction sectors, Mr. Nash brings extensive operational, strategic, and governance expertise to support Granite’s continued growth and long-term value creation. Mr. Nash most recently served as Chief Executive Officer of the Nort...

Granite Reports Second Quarter 2026 Results

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) today announced results for the quarter ended June 30, 2026. Second Quarter 2026 Results Net loss attributable to Granite totaled $278 million, or $(6.36) per diluted share, compared to net income attributable to Granite of $72 million, or $1.42 per diluted share, for the same period in the prior year. The net loss was driven by a $360 million non-operating loss on convertible debt transactions associated with our 3.75% convertible notes...
Back to Newsroom