Granite Construction Furthers Richardson Highway Rehabilitation Project in Alaska
03/29/2023 - 04:30 PM
WATSONVILLE, Calif. --(BUSINESS WIRE)--
Granite (NYSE:GVA) has been awarded an approximately $20 million Alaska Department of Transportation (ADOT) to rehabilitate a 10-mile section of Richardson Highway north of Glennallen, AK. The project will be funded by the Federal Highway Administration (FHWA) and will be included in Granite’s 2023 first-quarter CAP.
Under the project, Granite will restore Richardson Hwy from milepost 128 to 138, including realignment at MP 134, drainage improvements, intersection improvements, and the installation of a guardrail along the 10-mile stretch of the highway. This project is complementary to an existing Granite project on the Richardson Highway from milepost 40 to 51, allowing Granite to use the portable plant already operating in the area to produce 30,000 tons of hot mix asphalt (HMA) to complete this project.
"We are thrilled to expand and enhance our relationship with the Northern Region of Alaska DOT by undertaking another project on the Richardson Hwy ,” said Granite VP of Regional Operations, Derek Betts . “This provides a full season of work for our crews on this highway corridor in 2023. We are eager to make the most of our resources while delivering a high-quality product to the DOT and the surrounding communities."
The project will begin in May 2023 and is expected to be completed by December 2023 .
About Granite
Granite is America’s Infrastructure Company™. Incorporated in 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 provider in the transportation, water infrastructure, and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its more than 6,000 employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for ten consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com , and connect with Granite on LinkedIn , Twitter Facebook , and Instagram .
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Source: Granite
Granite Construction Inc.
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#1894 Ranked by Stock Gains
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Industry
Highway, Street, and Bridge Construction
Sector
Construction
Tags
Industrial Services, Engineering & Construction, Construction, Highway, Street, and Bridge Construction
Country
US
City
Watsonville
About GVA
since 1922, granite has continued a long-standing commitment to our clients at the private, local, state, and federal level, providing award-winning infrastructure and heavy civil construction services in mining, earthwork, water/sewer, power, tunneling, rail, highway and bridge construction. granite continues to be an industry pioneer in alternative project delivery (design-build, cmar/cmgc, best value) establishing true partnerships with both the owner and designer to guarantee a cohesive project team. granite constructs approximately $800 million of apdm projects annually, and has completed over $12 billion in alternative procurement projects in the last decade. headquartered in watsonville, ca, granite construction, inc is publicly traded on the new york stock exchange (nyse: gva). disclaimer regarding official "granite" job postings: all open positions available with granite construction inc., and its subsidiary companies, are available to apply on www.graniteconstruction.com/car
