Granite Awarded $21 Million Grade Separation Project in Southern California

  Granite Awarded $21 Million Grade Separation Project in Southern California

Business Wire

WATSONVILLE, Calif. -- December 17, 2013

Granite Construction Incorporated (NYSE: GVA) announced today that it has been
awarded a $21 million contract by the City of Coachella to construct a new
grade-separated crossing junction. Granite will book the project into backlog
in the fourth quarter of 2013.

The new bridge structure will span the existing Union Pacific Railroad and
Highway 111 in Riverside County. Scope of the contract includes a grade
separation and widening of the surrounding roads. The project also includes
major utility relocations, drainage, MSE retaining walls, pavement, curbs and
gutters, sidewalks and new traffic signals for intersection improvements.

Construction on the project is scheduled to begin in January 2014 and is
expected to be complete by June 2015.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction
Incorporated (NYSE: GVA) is one of the nation’s largest infrastructure
contractors and construction materials producers. Incorporated in 1922,
Granite serves public- and private-sector clients on projects both small and
large. Granite’s project teams represent some of the best in the industry
serving owners in the transportation, power, federal, tunneling, underground,
and industrial/mining and water resources markets. In 2013, the Company was
recognized by the Ethisphere Institute as one of the World’s Most Ethical
Companies for the fourth 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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