-

Granite Secures $22 Million Metrolink Station Expansion Project

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today the approval and award of the approximately $22 million contract for the Moreno Valley/March Field Metrolink Station Track and Platform Expansion. Located in Moreno Valley, California, the project was awarded and is funded by the Riverside County Transportation Commission. The award is anticipated to be included in Granite’s first quarter CAP.

This project will expand the Moreno Valley Metrolink station, which connects the community to downtown Los Angeles. The expanded facility will have increased capacity to serve rail travelers, reducing highway congestion going into L.A. The scope of work consists of extending the existing train platform at the Metrolink March Field Station and constructing a new platform and steel canopy on the opposite side of the existing tracks. The scope also includes the installation of 10,800 linear feet of rail and tie replacement and 2,700 linear feet of full track reconstruction. Associated electrical work and minor asphalt and concrete paving to tie in the new improvements is also included.

“This Metrolink Station Track and Platform Expansion will enhance an important infrastructure connection between Moreno Valley and Los Angeles,” said Brad Williams, Granite regional manager. “This project continues the Desert Cities Region plan to win more work in the Inland Empire and grow our expertise in the rail market.”

The project is anticipated to begin in June 2022 and projected to be complete in Q3 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 civil construction provider. 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 the Granite website, 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
$Cashtags

Contacts

Media
Erin Kuhlman, 831-768-4111

Investors
Wenjun Xu, 831-761-7861

Social Media Profiles
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