-

Granite Announces Caldwell Avenue Interchange Reconstruction Project on SR99 in Visalia, California

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $66 million contract by the California Department of Transportation (Caltrans) for an infrastructure project that will enhance the Caldwell Avenue interchange located on SR99 in Visalia, California. Project funding comes from state and federal sources and will be included in Granite’s first-quarter CAP.

The project scope includes the construction of two new precast girder bridges: a two-span structure over SR99 and a single-span structure over the UPRR tracks. Additionally, 12 new retaining walls will be built, featuring cast-in-place concrete, mechanically stabilized earth (MSE) walls, and soldier pile walls with timber lagging. To further enhance accessibility, four new on/off ramps will be constructed, with traffic being controlled by new roundabouts at each set of ramps.

“Our team is committed to enhancing infrastructure and improving safety for our community and the traveling public,” said Jeff Grimm, Granite Area Manager. “This project is near another pavement rehabilitation project in Tulare that will be working on in 2025 creating synergies between the two projects.”

Approximately 216,000 cubic yards of import borrow will be used to widen the embankments for the expanded roadways on either side of the new bridges. The project also includes upgrades to drainage systems, installation of pavement delineation and roadside signage, and replacement of highway electrical items.

Construction is expected to begin in August 2025 and be completed in Q2 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

Granite

NYSE:GVA

Release Versions

Contacts

Granite Contacts

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

More News From Granite

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...

Granite Subsidiary Memphis Stone & Gravel Opens New River Yard in Memphis to Expand Regional Aggregate Supply

WATSONVILLE, Calif.--(BUSINESS WIRE)--Memphis Stone & Gravel, A Granite (NYSE: GVA) Company, announced today that it has opened the new River Yard aggregate sales facility in Memphis, Tennessee. Strategically located on the Mississippi River, the River Yard receives limestone products barged from Warren Paving's Slats Lucas Quarry in Salem, Kentucky, connecting operations within Granite's integrated materials network to create long-term value across the Southeast. The six-acre site official...
Back to Newsroom