-

Granite Awarded $34 Million Roadway Rehabilitation Project in Tucson

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced it has been awarded the Tucson – Oracle Junction – Globe Hwy (SR77), Junction I-10 to Calle Concordia project in Tucson, Arizona by the Arizona Department of Transportation. The $34 million contract award was included in Granite’s fourth quarter 2020 backlog.

The project will rehabilitate nine miles of six-lane State Route 77/Oracle Road in Pima County, Arizona, an arterial road connecting Interstate 10 to the City of Tucson, Casa Adobes, and the Town of Oro Valley. Granite’s scope of work includes the milling and replacement of the asphaltic concrete; extending the storm drain pipe; constructing the curbs and gutters, sidewalks, and sidewalk ramps; replacing the guardrail; repairing the bridge decks; replacing the signals and lighting, and other miscellaneous improvements.

“Granite is honored to help revitalize Oracle Road which is critical to the vitality of the Tucson metropolitan area,” said Granite Area Manager Andrew Rogers. “We build with sustainability in mind to ensure this infrastructure endures for the community for the many years to come.”

Construction materials for the project including 145,000 tons of asphaltic concrete and 20,000 tons of concrete aggregates will be supplied by Granite’s Tangerine Road Facility.

Construction is expected to begin in April 2021 and is expected to conclude by March 2023.

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. 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
Wenjun Xu 831-761-7861

Granite

NYSE:GVA

Release Versions

Contacts

Media
Erin Kuhlman 831-768-4111

Investors
Wenjun Xu 831-761-7861

More News From Granite

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...

Granite Construction Incorporated Announces Private Offering of $600 Million of Senior Notes Due 2034

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) (“Granite”) announced today that it plans to offer $600.0 million aggregate principal amount of 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 on an unsecured basis by each of Granite’s existing and future domestic subsidiaries that is a borrower or a guarantor under Gra...
Back to Newsroom