Granite (NYSE:GVA) has secured a contract from the California Department of Transportation to upgrade Highway 101 in Mendocino.
The contract has a value of $23 million.
Project funding will come from the Federal Highway Administration and is expected to be included in the company’s second-quarter CAP.
The company will upgrade four miles of median barrier and resurface a ten-mile section of Highway 101 between Ukiah and Willits known as the Ridgewood Grade.
The project is planned to begin in Q3 and is expected to be completed in Q2 next year.
Press Release.