Pavement preservation is the routine care and light repair of roads and highways aimed at keeping surfaces in good condition and delaying major reconstruction—think of regular oil changes and tire rotations for a car to prevent costly breakdowns. For investors, it matters because consistent, lower-cost maintenance programs create steady demand for contractors, materials and equipment, affect government and municipal budgets, and can make infrastructure spending more predictable and financially efficient.
culvertstechnical
Culverts are short tunnels or pipes built beneath roads, railways, or embankments to channel water from one side to the other, like a drain that keeps a street from turning into a pond. For investors, culverts matter because their size, condition and placement affect flood risk, maintenance and repair costs, insurance exposure and regulatory compliance for infrastructure and property assets, which can influence project budgets and long‑term value.
guardrailtechnical
A guardrail is a rule, limit or safety measure set by a company, regulator or lender to keep actions within acceptable risk levels—like a highway barrier that prevents a car from veering off course. For investors, guardrails signal the boundaries that protect capital and earnings (for example spending caps, debt limits, or regulatory requirements), helping predict how flexible management is and how much downside risk exists.
hot mix asphalttechnical
Hot mix asphalt is a heated blend of crushed stone, sand and bitumen (a sticky black binder) used to pave roads, parking lots and runways; think of it as a warm, durable road “concrete” made by mixing ingredients while hot so they stick together tightly. Investors watch it because its demand and price track construction and infrastructure spending, energy costs and seasonal production cycles, which affect contractors’ revenues and materials suppliers’ margins.
ripraptechnical
Riprap is a layer of large, loose stones or chunks of concrete placed along shorelines, riverbanks, or slopes to stop water or weather from washing soil away. For investors, riprap matters because it represents a routine but tangible cost and maintenance measure for infrastructure, real estate, and coastal projects, affecting repair budgets, project timelines and regulatory planning — think of it as a protective stone blanket for vulnerable ground.
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WATSONVILLE, Calif.--(BUSINESS WIRE)--
Granite (NYSE:GVA) announced today that it has been awarded the Glenn Highway MP 66.5 to 92 Pavement Preservation project by the Alaska Department of Transportation and Public Facilities. The approximately $15M contract is federally funded and was included in Granite’s first quarter 2026 CAP.
Glenn Highway travels 179 miles from Anchorage to Glennallen. A National Scenic Byway, the road provides access to stunning landscapes and a wealth of outdoor activities. Granite’s scope of work includes resurfacing the highway from milepost 83 to 92. Additionally, the project will replace culverts, guardrail, striping, and signage along the length of the project.
“This contract is a great win for the Alaska team and provides key backlog for our Palmer Facility,” says Granite Regional Vice President Ryan Moren. “We are excited to partner with Alaska DOT&PF and execute on this important infrastructure upgrade to keep Alaskans and visitors moving.”
The project is expected to begin in May 2026 and conclude by July 2027. Granite’s Palmer Facility will provide 27,000 tons of hot mix asphalt and the Lucas Quarry will provide 2,300 tons of riprap products.
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.
