Granite Announces $88 Million Highway Safety Enhancement Project Near Lake Elsinore, California
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Granite (NYSE:GVA) has secured an $88 million contract from Caltrans to enhance highway safety on Ortega Highway SR 74. The project will be funded by state and federal sources and included in Granite's first-quarter CAP.
January 23, 2025 | 9:45 pm
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POSITIVE IMPACT
Granite has been awarded an $88 million contract by Caltrans for highway improvements, which will be included in their Q1 CAP. This project is expected to positively impact Granite's revenues and project portfolio.
The $88 million contract will enhance Granite's project portfolio and revenue stream, as it is a significant addition to their Q1 CAP. The funding from state and federal sources ensures financial stability for the project.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100