HMA - Granite lands ~$29M Caltrans contract to widen highway in Santa Cruz

2023-05-23 17:05:10 ET

• Infrastructure firm Granite ( NYSE: GVA ) received a nearly $29 million contract from Caltrans to widen a section of Highway 1 in Santa Cruz, California, the company said on Tuesday.
• The project will involve the construction of four retaining walls, one soldier pile retaining wall, and a 650 ft. long box girder pedestrian bridge over Hwy 1 at Chanticleer Avenue.
• The freeway widening will involve both directions of Hwy 1 from Soquel Avenue to 41st Avenue in Capitola, with an additional lane of travel in each direction being added to the existing earth median.
• The project is planned to begin in May 2023 and is expected to be completed in December 2024.
• The project was included in company's Q4 2022 CAP.
• Press Release .

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