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Granite Construction wins USD22m contract in Arizona from Gila River Indian Community

Tue. November 03, 2009; Posted: 07:35 AM
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Nov 03, 2009 (M2 EQUITYBITES via COMTEX) -- GVA | Quote | Chart | News | PowerRating -- Construction company Granite Construction Incorporated (NYSE:GVA) said on Monday that Granite Construction Company has received a contract from the Gila River Indian Community worth USD22.0m.

Under this contract Granite Construction will build the final phase of the 8.5-mile Santan Canal, approximately 40 miles southeast of Phoenix, Arizona. Work is scheduled to start this month and to be completed by December 2010.

The Santan Canal is part of a master plan to deliver 173,000 acre feet of water to farmlands within the Gila River Indian Community.

Granite Construction will construct the canal prism, concrete lining and 35 reinforced concrete structures, as well as a reservoir.

Comments on this story may be sent to admin@m2.com
For full details on Granite Construction Inc (GVA) click here. Granite Construction Inc (GVA) has Short Term PowerRatings of 4. Details on Granite Construction Inc (GVA) Short Term PowerRatings is available at This Link.

    


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