Granite Secures Approximately $14 million CMGC Traffic Flow Improvement Project

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Dec 06, 2022

Granite (NYSE:GVA, Financial) announced today that it has been awarded an approximately $14 million traffic flow improvement project in Santa Barbara, CA by the California Department of Transportation (Caltrans). This is a ‘parallel project’ to the Highway 101: Carpinteria to Santa Barbara suite of projects, which Granite is delivering using the innovative, collaborative Construction+Manager+General+Contractor (CMGC) project delivery method. The project will be funded by the Regional Surface Transportation Program, and is expected to be included in Granite’s fourth quarter CAP.