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Granite Joint Venture Team Selected to Build Tappan Zee Bridge Replacement Project in New York



  Granite Joint Venture Team Selected to Build Tappan Zee Bridge Replacement
  Project in New York

Business Wire

WATSONVILLE, Calif. -- December 17, 2012

Granite Construction Incorporated (NYSE:GVA) confirmed today that the New York
State Thruway Board voted to award to Tappan Zee Constructors, a team led by
Fluor Enterprises, Inc., a wholly-owned subsidiary of Fluor Corporation
(NYSE:FLR), Granite Construction Northeast, Inc., American Bridge Company, and
Traylor Bros., Inc. the multi-billion dollar, design-build contract for the
new Tappan Zee Hudson River Crossing Project.

The $3.14 billion bridge concept and proposal submitted by Tappan Zee
Constructors was one of three presented to the public on December 5, 2012. The
bridge design submitted by the winning team is an efficient solution that
utilizes a shallow superstructure and a 350’ long-span design to minimize the
number of piers, provide a sleeker looking bridge that enhances the view of
the corridors within the Hudson Valley, and reduce the environmental impacts.
The main span is a composite deck cable-stayed structural system with
outwardly inclined main span towers that can accommodate future transit system
loads.

The 3.1-mile-long Tappan Zee Bridge connects Rockland County to Westchester
County in the Lower Hudson Valley (approximately 25 miles north of midtown
Manhattan) and is a vital transportation link that serves approximately
138,000 vehicles per day. The mega-project will be the single largest bridge
project in New York’s history.

Granite will book its 23.3 percent share of the project into backlog once a
final contract is approved and a notice to proceed is issued. Construction
will take approximately five years.

About Granite

Granite is one of the nation’s largest infrastructure contractors and
construction materials producers serving public- and private-sector clients
nationwide. In addition, Granite has one of the oldest and most robust ethics
and compliance programs in the industry. In 2012, the Company was recognized
by the Ethisphere Institute as one of the World’s Most Ethical Companies for
the third year in a row. For more information please visit
www.graniteconstruction.com.

Contact:

Granite Construction Incorporated
Jacque Fourchy, 831-761-4741
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