Granite Construction Awarded $22.0 Million Irrigation Canal Project in Arizona
Granite Construction Incorporated (NYSE:GVA) today announced that
Granite Construction Company has been awarded a $22.0 million contract
by the Gila River Indian Community to construct the final phase of the
new 8.5-mile Santan Canal located approximately 40 miles southeast of
Phoenix.
The Santan Canal is part of the Gila River Indian Community’s master
plan to deliver 173,000 acre feet of water to farmlands within the
Community. Through the Pima-Maricopa Irrigation Project (P-MIP), the
Community’s ultimate proposal is to design and construct a water
delivery system that will potentially include 2,400 miles of canal and
pipeline.
Scope of the project includes earthwork to construct the canal prism,
concrete lining and the construction of thirty-five reinforced concrete
structures. In addition, Granite will construct a reservoir and excavate
approximately 344,000 cubic yards of borrow needed to complete the work.
The reservoir will be open for community use once the project is
completed.
Construction will begin this month with an estimated completion date
December 2010.
About Granite
Granite Construction Incorporated is a member of the S&P 400 Midcap
Index, the Domini 400 Social Index and the Russell 2000. Granite
Construction Company, a wholly owned subsidiary, is one of the nation's
largest diversified heavy civil contractors and construction materials
producers. Granite Construction Company serves public and private sector
clients through its offices and subsidiaries nationwide. For more
information about Granite, please visit their website at www.graniteconstruction.com.
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