GVA - Granite bags $173M weir widening contract

2023-05-10 08:39:44 ET

• Granite ( NYSE: GVA ) has been awarded an ~$173M contract by the U.S. Army Corps of Engineers, Sacramento District, to construct various elements along the Sacramento River in California.
• Project funding will come from the emergency supplemental appropriations in the Bipartisan Budget Act of 2018 and other sources and will be included in Granite’s Q2 CAP.
• The project is designed to reduce regional flood risk along the Sacramento River by decreasing water surface elevation.
• The project is planned to begin in July 2023 and is expected to be completed in December 2026.

For further details see: