Granite awarded first phase of CMGC contract in Alaska for $54M

Granite (GVA) has been awarded a Federally funded $54 million contract to build the first of two construction phases under a Construction Manager/General Contractor, CMGC, contract with the Alaska Department of Transportation and Public Facilities. This phase of the project involves the realignment of the Parks Highway from milepost 319 to 322, aimed to reduce sharp corners and improve traffic safety. Major work activities include 2.5 million cubic yards of onsite earthwork, 25,000 tons of asphalt paving, and implementation of a full traffic diversion. The project leverages all facets of Granite’s equipment fleet, including a portable crusher and hot plant. The estimated construction contract value for the remaining segment is approximately $35 million.