Granite Bags $28M Interchange Access Ramp Project

Granite Construction Inc. GVA has secured a $28 million contract from the Washington State Department of Transportation to construct the 148th Ave. NE Interchange Access Ramp in downtown Redmond, Washington.
The company will include the contract in its Q2 committed and awarded projects.
The scope of work consists of constructing a ramp with a 125-foot long cut and cover precast tunnel. The project will also include pedestrian improvements in new sidewalks and ramps on 148th Ave. and the new arterials.
The project will start in September 2021 and be completed in November of 2022.
Price Action: GVA shares closed lower by 0.53% at $38.26 on Thursday.