GVA - Granite Awarded $27 Million Waterfront Project in Seattle

Granite (NYSE: GVA) announced today that it has been awarded a $27 million sub-contract by Gary Merlino Construction Company to construct a portion of the Alaskan Way Project in Seattle, Washington. The project will be booked in Granite’s second quarter 2019 backlog.

Scope of Granite’s work includes construction of new bridge structures and soldier pile retaining walls that span over and along an existing BNSF railway alignment. Granite will also modify an existing pedestrian bridge, rebuild an elevated walkway and implement multiple seismic upgrades.

The Alaskan Way Project is part of a $724 million multi-year investment to rebuild Seattle’s central waterfront. Construction is scheduled to begin in fall 2019 and will be complete by fall 2021. For more information visit the Seattle’s New Waterfront website.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE: GVA) is a full-suite provider in the transportation, water infrastructure and mineral exploration markets. Granite is America’s Infrastructure Company as well as an award-winning firm in safety, quality and environmental stewardship. The Company has been honored as one of the World’s Most Ethical Companies by Ethisphere Institute for ten consecutive years. Granite is listed on the New York Stock Exchange and is part of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell 2000 Index. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190731005838/en/