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GRANITE
CONSTRUCTION INC.
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SECURITY: GVA (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US $
Granite is one of the largest
heavy civil contractors in the U.S. and is a large producer of sand, gravel,
asphalt and other aggregate-based construction materials. Established in
1922, the company is engaged in the construction of highways, dams, airports,
mass transit facilities and other infrastructure-related projects. The
company has offices in California, Texas, Georgia, Nevada, Arizona, Florida
and Utah. Granite's corporate offices are located in Watsonville, California.
In 2002, the Company employed over 6,500 people nationwide and reported
revenues of $1.8 billion.
In April 1990, Granite successfully
completed an initial public offering of common stock. Approximately 21.8
percent of the company's outstanding shares are held by its employees via
an Employee Stock Ownership Plan. The company's stock is traded on the
New York Stock Exchange under the symbol GVA.
Granite
Construction Incorporated PO Box 50085 / 585 W. Beach Street Watsonville,
CA 95077-5085
Phone:
831-724-1011 / Fax: 831-722-9657
Granite
Construction Awarded $347.9 Million Joint Venture Bridge Project in Louisiana
WATSONVILLE, Calif., April
12, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Granite Construction
Incorporated (NYSE: GVA) announced today that Granite Construction Company,
in joint venture with Flatiron Constructors, Inc. of Longmont, Colorado
and Parsons Transportation Group of Washington, DC (Audubon Bridge Constructors
Joint Venture), has been awarded a $347.9 million bridge project at St.
Francisville, near Baton Rouge, Louisiana. Granite's portion of the contract
is approximately $87 million or 25%. The award was made by the Louisiana
Department of Transportation and Development.
The Design/Build project
provides for a new cable stayed-bridge across the Mississippi River approximately
30 miles north of Baton Rouge. The overall project is 12 miles long and
includes access roads, approaches, and the bridge itself.
The cable-stayed bridge has
a main span of approximately 1,583 feet, back- spans of approximately 641
feet, a navigational clearance of 65 feet, and a width of 62 feet as well
as two towers 457 feet high. The two towers sit on foundations that are
located in the river and are each supported by twenty, 96-inch diameter,
220 foot long pilings. The deck is a composite structure with structural
steel framing and precast concrete deck panels. |
