Granite JV Gets $231M Design/Build Project Contract

DENVER-Granite Construction Inc. and the joint-venture team of Granite Construction Co. and Ames Construction Inc. has been awarded a $231-million design/build contract by the Colorado Department of Transportation to reconstruct approximately 10-miles of US 36 outside of Denver. The joint-venture team will be responsible for constructing a managed toll lane in each direction, reconstruction of the general purpose lanes and associated new retaining walls, sound walls, lighting and signage.

Granite booked its 50% share, or approximately $115 million, into backlog during the first quarter of 2012, according to a prepared statement. Project design will begin in April 2012, with construction starting in August. Project completion is estimated for spring of 2015.