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 yards of excavation and embankment and 22,000 tons of asphalt, supplied by Granite utilizing a portable crusher and asphalt plant. Through the CM/GC delivery process, Granite collaborated with Owner and Design teams to develop an efficient project solution. By leveraging existing on‑site materials and excess materials from the first phase, imported gravel quantities were reduced from an estimated 50,000 tons down to 8,000 tons. The project team also developed a temporary crossing over the Parks Highway for articulated haul units, allowing traffic to flow unimpeded through the project and eliminating the need for traffic control operations.

“We are very pleased to award the final segment of the Parks 315–325 project to Granite Construction,” said Jennifer Wright, Project Manager Alaska DOT&PF. “This project will help improve safety and operations for goods and people moving through this critical corridor. The CM/GC process and the project team were key to delivering the project on time and within budget, while minimizing planned impacts to the traveling public during construction.”

“This project exemplifies Granite’s ‘One Team’ approach and our commitment to delivering best‑for‑project outcomes,” said Marty Thurman, Granite Area Manager. “Our strong partnership with Alaska DOT&PF, Michael Baker International, Inc. (designer of record), and Stanton (independent cost estimator) was instrumental during preconstruction and continues to drive success as we move into construction.”

Construction is expected to begin in late second quarter 2026, with substantial completion anticipated in third quarter 2028.

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.