Granite Bags $25.7M Airfield Safety Enhancement Project At Tucson International Airport

Granite Construction Inc. GVA has been awarded the DBB1 contract by the Tucson Airport Authority (TAA) as part of their Airfield Safety Enhancements (ASE) program at Tucson International Airport (TUS), Arizona.
DBB1 contract, the 14th project at TUS awarded to Granite in the past ten years, is valued at $25.7 million and will be included in Granite's Q3 committed and awarded projects.
Scope of work includes constructing the new bypass taxiway, including pavement removal, earthwork, electrical, drainage, pavement markings, and landscaping.
The projected start date is October 2021, with completion expected in January 2023.
Granite's Swan Plant will provide approximately 45,000 tons of hot mix asphalt, 90,000 tons of aggregate base course, and 15,000 tons of various aggregate for the project.
Price Action: GVA shares closed lower by 1.47% at $38.09 on Thursday.