Granite Announces $88 Million Highway Safety Enhancement Project Near Lake Elsinore, California

Granite (NYSE:GVA) has secured an $88 million contract from the California Department of Transportation (Caltrans) for enhancing the Ortega Highway State Route 74.

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01/23/2025 - 04:30 PM

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) has been awarded an approximately $88 million contract by the California Department of Transportation (Caltrans) to improve a section of Ortega Highway State Route 74 (SR 74). Project funding will come from state and federal sources and the project will be included in Granite’s first-quarter CAP.

The project scope includes widening the shoulders and roadway, allowing for the installation of centerline and edge line rumble strips. These enhancements will provide vehicle buffer room, significantly improving safety on this narrow two-lane mountainous highway.

In addition to widening this section of SR-74, the project will resurface the highway, ensuring safer and more efficient travel. This project continues our ongoing efforts on this stretch of highway, building on the work we have been doing over the past few years.

“We have been working closely with Caltrans on this highway for several years, and we are excited to continue this partnership,” said Bill Moore, Granite Vice President of Regional Operations. “It aligns with our strategic goal of expanding our footprint in the Inland Empire of Southern California.”

Construction is expected to begin in April 2025 and be completed in November 2026.

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.