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Granite Selected for $33 Million Major Street Improvement Project in California

Granite (NYSE:GVA) has been selected by the City of Long Beach for an approximately $33 million project on Artesia Great Boulevard R-7191 in Long Beach, California. The project will be funded by the City of Long Beach, the Metropolitan Transportation District, and the California Department of Transportation. The award is expected to be included in Granite’s fourth quarter CAP.

The scope of work includes excavation, grading, asphalt and concrete demolition/removal, and reconstruction along a 3.2-mile portion of the roadway. All asphalt millings and cement concrete hardscape removed by Granite will be recycled and reused as Crushed Miscellaneous Base. The project also includes flatwork concrete placements such as sidewalks, driveways, crosswalks, and bus stops, as well as safety installations such as new pedestrian lighting, roadway signage and striping, and temporary and permanent traffic signals.

“This project will allow us to get more involved in the LA Basin Market and includes a variety of subcontract participation that will create opportunities within the marketplace to develop relationships and influence participation from other subcontractors in future pursuits,” said Mike Heddinger, Granite area manager. “We are excited to establish a relationship with the City of Long Beach.”

“The project will upgrade all intersections, enhancing the ecological system and improving public transit by providing safer means of travel—including a bicyclist thoroughfare—and updating all ADA required access/egress,” said Scott McArthur, Granite VP regional operations. “This work will improve overall mobility and safety along the corridor, providing residents with more opportunities to enjoy the recreational and health benefits achieved by walking or cycling.”

The project is expected to begin in Q1 2023 and conclude in Q1 2024. To learn more, visit https://www.longbeach.gov/pw/projects/artesia-great-boulevard-project/.

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, Twitter, Facebook, and Instagram.

Contacts

Granite Contacts

Media

Erin Kuhlman - 831-768-4111

Investors

Wenjun Xu - 831-761-7861

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