Granite awarded sixth highway 101 mainline segment to alleviate traffic congestion in santa barbara, california

Watsonville, calif.--(business wire)--granite (nyse:gva) has been awarded an approximately $38 million contract (segment 4e south) by the california department of transportation (caltrans) to add peak-hour high occupancy vehicle (hov) lanes and reconstruct all elements of the existing highway 101 through southern santa barbara. project funding is to come from caltrans and local sources and was included in granite's second-quarter cap. this is the sixth highway 101 mainline segment awarded to gr.
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