Granite joint venture continues to win contracts for major bridge rehabilitation project in sacramento

Watsonville, calif.--( business wire )--granite (nyse:gva) announced that the american river constructors (arc) joint venture team comprised of granite and california engineering contractors has been awarded another contract by the california department of transportation (caltrans) for the american river bridge rehabilitation construction manager/general contractor (cm/gc) project in sacramento, california. a cm/gc preconstruction service contract has been underway since january 2021 and will be complete by the end of 2022. in addition, two child contracts totalling $20 million have been executed for access, clearing, and steel piling and girder procurement. the newest contract is a $50 million child project to construct the substructure for the bridge widening, and started construction in june.
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