Granite Construction Awarded $21M Contract by City of Coachella, CA - Granite Construction (NYSE:GVA)

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Granite Construction (NYSE: GVA) announced today that it has been awarded a $21 million contract by the City of Coachella to construct a new grade-separated crossing junction. Granite will book the project into backlog in the fourth quarter of 2013. The new bridge structure will span the existing Union Pacific Railroad and Highway 111 in Riverside County. Scope of the contract includes a grade separation and widening of the surrounding roads. The project also includes major utility relocations, drainage, MSE retaining walls, pavement, curbs and gutters, sidewalks and new traffic signals for intersection improvements.

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