Granite Awarded $45.8 Million Highway Widening Project in Florida

  Granite Awarded $45.8 Million Highway Widening Project in Florida

Business Wire

WATSONVILLE, Calif. -- December 23, 2013

Granite Construction Incorporated (NYSE: GVA) announced today that it has been
awarded a $45.8 million design-build contract by the Florida Department of
Transportation to widen eight miles of State Route I-75 in Pasco County,
Florida. Granite will book the project into backlog in the fourth quarter of
2013.

The project includes final design and construction to widen I-75 (SR 93) North
of SR 52 from four to six lanes, milling and resurfacing the existing
pavement, ramp improvements, miscellaneous structures; signing and pavement
marking; intelligent transportation systems; geotechnical, and environmental
permitting. In addition, the contract calls for the installation of new storm
water management facilities and flood plain compensation sites that will
provide significant drainage improvements to the project site.

Construction is scheduled to begin in January 2014 and is anticipated to take
24 months to complete.

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