Granite Awarded ~$38M Sixth Highway 101 Mainline Segment To Alleviate Traffic Congestion In Santa Barbara, California
Portfolio Pulse from Benzinga Newsdesk
Granite Construction has secured a $38 million contract from Caltrans to add HOV lanes on Highway 101 in Santa Barbara, California, aiming to reduce traffic congestion.
August 22, 2024 | 12:32 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Granite Construction has been awarded a $38 million contract by Caltrans to add HOV lanes on Highway 101 in Santa Barbara, which is expected to enhance traffic flow.
The $38 million contract is a significant addition to Granite's project portfolio, likely boosting its revenues and showcasing its capabilities in infrastructure development. The project aligns with Granite's strategic goals and enhances its reputation in the industry.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90