-

Granite Announces $71 Million Rail Yard Expansion Project at Fort Bliss, Texas

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $71 million contract by the United States Army Corps of Engineers to expand and update the rail yard at Fort Bliss in El Paso, TX. Project funding is to come from federal sources and was included in Granite’s 2024 third-quarter CAP.

Granite’s work will add new loading spurs, expand the vehicle staging area, and create a secondary connection from the rail yard to the Union Pacific Railroad. These improvements are designed to boost the rail yard's capacity, improve efficiencies, and reduce the timeline required for rail loading operations.

"Our work at Fort Bliss not only showcases Granite’s capabilities, but also strengthens our internal partnerships and provides growth opportunities for our employees," stated Derek Betts, Granite Vice President of Regional Operations.

“The project underscores the new strategic collaboration between the Federal Division and the Regions,” said Curt Haldeman, Granite Vice President of Regional Operations. “It offers regional employees a chance to enhance their federal work experience and helps us expand our market presence in West Texas.”

Construction is expected to begin in February 2025 and be completed in June 2027.

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, X, Facebook, and Instagram.  

Contacts

Granite Contacts
Media
Erin Kuhlman - 831-768-4111
Investors
Wenjun Xu - 831-761-7861

Industry:

Granite

NYSE:GVA
Release Versions
English

Contacts

Granite Contacts
Media
Erin Kuhlman - 831-768-4111
Investors
Wenjun Xu - 831-761-7861

More News From Granite

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...

Granite Awarded Parks Highway MP 315–325 Reconstruction Project in Alaska

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded the Parks Highway MP 315–325 Reconstruction (Construction MP 322–325) project by the Alaska Department of Transportation and Public Facilities. Located near Nenana, Alaska, the project is the second of two phases of the Parks Highway MP 319–325 CM/GC program that Granite has been delivering since 2022. The contract value is approximately $32 million. Work includes approximately 1.2 million cubic ya...
Back to Newsroom