Boston, MA 10/03/2014 (wallstreetpr) – According to reports, Granite Construction Inc. (NYSE:GVA) has been awarded with a freeway project of worth $21 Million. The announcement was made by GVA itself saying that City of Bakersfield awarded it with a contract for State Route 99/Hosking Avenue Interchange.
Insights of the matter:
Management of Granite Construction Inc. (NYSE:GVA) is extremely delighted to receive this contract. If everything goes fine, then this project is expected to be booked by the third quarter of 2014. It will be booked in backlog for long term results. It will not only enhance the brand value of the company, but also give it a long term consistent means of revenue generation. It is a huge project, and Granite Construction Inc. (NYSE:GVA) is supposed to ensure efficient replacement and demolition of existing two-lane Bridge over State Route 99 with a larger and newly made six-lane over-crossing. The entire funding of the project will be arranged by Thomas Roads Improvement Program. TRIP is a cooperative effort in which few of the well-known entities have come together for the fulfillment of a mutual objective. These entities consist of County of Kern, City of Bakersfield, Kern Council of Governments and Caltrans. The work is supposed to start as soon as possible. As per the information revealed by GVA, the work will commence in the first half of November 2014. Management of the company expects that it will be accomplished by the end of December 2014.
Granite Construction Inc. (NYSE:GVA) has been working as a leading construction material provider and infrastructure contractor of the country for years now. It has a lot of subsidiaries spread across the nation. GVA is known for offering top notched services to its clients within a limited budget. Because of its 100% track record, second to none services and excellent work procedure, it has been placed among the top 25 construction companies in US.
