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Granite Awarded UDOT Bridge Replacement Project in Riverdale, UT

1. Granite awarded $17 million bridge contract by Utah Department of Transportation. 2. Funding sourced from State and Federal funds, part of Granite’s Q2 CAP. 3. Project replaces three bridges nearing end of service life, enhancing infrastructure. 4. Construction begins July 2025, aiming to minimize traffic disruption during works. 5. Granite aims for quality and sustainability in execution as industry leader.

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FAQ

Why Bullish?

The $17 million contract strengthens Granite's revenue streams, similar to past successful projects boosting share prices.

How important is it?

The contract enhances revenue stability and showcases Granite's competitive advantage in infrastructure.

Why Long Term?

The project will contribute to revenues and operational capacity over the next few years.

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WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded a $17 million contract by the Utah Department of Transportation (UDOT) for a bridge replacement project in Riverdale, Utah. Project funding is to come from State and Federal sources, and will be included in Granite’s second quarter CAP. This project involves the replacement of the 4400 South bridge over Interstate 15 (I-15) and two Interstate 84 (I-84) bridges over 4400 South, originally constructed in the 1960s and now nearing the end of their service lives. The project area includes residential, commercial, and public properties between the cities of Roy and Riverdale. “To minimize traffic disruptions, the two I-84 bridges will be constructed adjacent to the existing structures and then slid into place during long weekend closures,” said Granite Vice President of Regional Operations Jason Klaumann. “This approach eliminates the need for prolonged phased construction and lane closures on I-84.” Granite’s West Haven Hot Plant will supply 1,169 tons of 1/2" hot mix asphalt for the project. Construction is expected to begin July 2025 and be completed October 2026. About Granite Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.

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