Announcing Granite’s $80 Million Infrastructure Project in Forney, Texas

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) has been awarded an approximately $80 million contract by the Texas Department of Transportation (TxDOT) to upgrade a section of Farm to Market 548 (FM 548) near Forney, TX. Project funding is to come from state sources and will be included in Granite’s first-quarter CAP.

This infrastructure project will transform the existing asphalt paved roadway from FM 548 north of US 80 to Windmill Farms Blvd into a concrete paved roadway, including additional travel lanes and drainage upgrades. Project improvements will provide increased traffic capacity to help relieve traffic in the rapidly growing City of Forney and surrounding Kaufman County, particularly through the busiest commercial area in the city.

The scope of the project includes over 200,000 square yards of 10" concrete pavement and over 40,000 linear feet of new storm drain.

“Our home market strategy in North Texas is complemented perfectly by this strategic project,” said Steve Kaesler, Granite Vice President of Regional Operations. “It fits well with our core competencies and is a result of capitalizing on other wins in the nearby area.”

Granite is excited to contribute to the growth and development of Forney and Kaufman County, enhancing the quality of life for residents and supporting the area's economic expansion.

Construction is expected to begin in July 2025 and be completed in March 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.

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Granite Contacts

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Source: Granite