ConDig (22-Mar-18). Civil contractor and construction materials producer Granite Construction Inc has landed a $51 million pavement and bridge rehabilitation contract in Girdwood, Alaska.
Under the deal with Alaska Department of Transportation & Public Facilities, the Watsonville, California-based company will revamp about 15 miles of the Seward Highway between MP 75 near the bottom of Turnagain Pass and MP 90 near the Girdwood intersection.
The project upgrades the highway by straightening curves in high-accident locations, improving intersections and allowing for more passing opportunities.
Granite is responsible for Phase 1 of the project and will upgrade or replace the Ingram Creek Bridge, Peterson Creek Bridge, Virgin Creek Bridge and Glacier Creek Bridge.
Construction is expected to start this spring and slated to be completed in the fall 2020.
Scope of the work includes pavement rehabilitation, drainage and shore protection improvements, road resurfacing realignment, new passing lanes and enhanced pedestrian facilities.
Last month, Granite acquired contractor, water management and drilling service provider Layne Christensen Co in a stock-for-stock $565 million deal.
In October, reported a 24% rise in profit in the third quarter of this year on higher revenue. The company posted net income of $46 million for the quarter ended September 30, up from $37.2 million in the same period last year.