Granite Secures $88 Million Contract for Highway Safety Upgrades
Granite Awarded $88 Million for Highway Safety Enhancements
Granite (NYSE:GVA) has announced that it has received an $88 million contract from the California Department of Transportation (Caltrans) to upgrade a section of Ortega Highway, also known as State Route 74 (SR 74). This significant project will be funded through a combination of state and federal sources and is set to be included in Granite's first-quarter Capital Allocation Plan.
Scope of the Project
The comprehensive project will involve widening both the shoulders and the main roadway, which will allow for the installation of centerline and edge line rumble strips. These additions are designed to enhance safety by providing more room for vehicles, especially considering the narrow two-lane design of this mountainous highway.
Key Construction Details
In addition to the widening efforts, the project will focus on resurfacing the highway, ultimately ensuring a smoother and safer travel experience for all users. This initiative builds on Granite's ongoing work over the past few years on this crucial stretch of highway, reflecting a strong commitment to improving road safety for the community.
Granite's Commitment to Collaboration
Bill Moore, Granite's Vice President of Regional Operations, emphasized the importance of this partnership, stating, “We have been working closely with Caltrans on this highway for several years, and we are excited to continue this partnership. It aligns with our strategic goal of expanding our footprint in Southern California's Inland Empire.”
Timeline for Completion
Construction is slated to commence in April 2025 and is expected to be completed by November 2026, marking an important milestone in enhancing transportation safety in the region.
About Granite Construction
Granite is widely recognized as America’s Infrastructure Company™. Established in 1922, Granite (NYSE:GVA) stands as one of the largest diversified construction and materials companies in the United States, offering a full spectrum of civil construction services. Guided by its Code of Conduct and Core Values, Granite ensures that its employees adhere to the highest ethical standards. As a leader in the construction industry, Granite is committed to safety and has earned numerous awards for its focus on quality and sustainability. For more insights, you can visit the Granite website and connect with them on various social media platforms.
Frequently Asked Questions
What is the purpose of the $88 million project?
The project aims to enhance highway safety by widening the roadway and adding safety features such as rumble strips.
When is construction expected to start?
Construction is projected to begin in April 2025.
Who is funding the project?
The project will be funded through both state and federal sources.
What improvements will be made to Ortega Highway?
Improvements include widening the shoulders, resurfacing the highway, and installing road safety features.
How does this project align with Granite's goals?
This project supports Granite's strategic objective to expand its operations and improve infrastructure in Southern California.
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