Granite secures approximately $14 million cmgc traffic flow improvement project

Watsonville, calif.--( business wire )--granite (nyse:gva) 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.
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