Granite Secures U.S. 101 Rehabilitation Project in Monterey County, California

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been selected for a significant infrastructure project to rehabilitate an eight-mile stretch of U.S. Highway 101 near King City in Monterey County, California. This project, with an estimated cost of approximately $20 million, will receive federal funding and be included in Granite’s first quarter CAP.

This initiative will fix roadway issues by restoring pavement, extending service life, updating safety devices, repairing culverts, improving lighting, and enhancing traffic data collection.

“This project reinforces our core strengths and demonstrates the value created through Granite’s strategic acquisition of Papich Construction,” said Granite Vice President of Regional Operations, Larry Camilleri. “It leverages the capabilities, materials, and expertise across multiple Granite regions to deliver high-quality, long-lasting infrastructure for the communities we serve.”

Granite’s Coalinga Asphalt Plant will supply approximately 31,900 tons of Rubberized Hot Mix Asphalt (RHMA) and 5,930 tons of Hot Mix Asphalt (HMA) for the project.

Construction is expected to begin late Q1 2026 and be completed Q1 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.