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Granite (GVA) Wins $38M CMGC Contract for Highway 101 Expansion
GVAGranite(GVA) ZACKS·2024-08-24 00:10

Granite Construction Incorporated (GVA) secured a $38-million contract from the California Department of Transportation (Caltrans) for the Highway 101 mainline segment. This contract involves adding peak-hour High Occupancy Vehicle (HOV) lanes and reconstructing the highway in southern Santa Barbara. The project, funded by Caltrans and local sources, was included in GVA's second-quarter Committed and Awarded Projects (CAP). The latest Highway 101 mainline segment marks Granite's sixth project under its Cons ...