Granite (NYSE:GVA) has been awarded an approximately $71 million contract by the United States Army Corps of Engineers to expand and update the rail yard at Fort Bliss in El Paso, TX. Project funding is to come from federal sources and was included in Granite’s 2024 third-quarter CAP.

Granite’s work will add new loading spurs, expand the vehicle staging area, and create a secondary connection from the rail yard to the Union Pacific Railroad. These improvements are designed to boost the rail yard's capacity, improve efficiencies, and reduce the timeline required for rail loading operations.

"Our work at Fort Bliss not only showcases Granite’s capabilities, but also strengthens our internal partnerships and provides growth opportunities for our employees," stated Derek Betts, Granite Vice President of Regional Operations.

“The project underscores the new strategic collaboration between the Federal Division and the Regions,” said Curt Haldeman, Granite Vice President of Regional Operations. “It offers regional employees a chance to enhance their federal work experience and helps us expand our market presence in West Texas.”

Construction is expected to begin in February 2025 and be completed in June 2027.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.  

Granite Contacts Media Erin Kuhlman - 831-768-4111 Investors Wenjun Xu - 831-761-7861

Granite Construction (NYSE:GVA)
Graphique Historique de l'Action
De Jan 2025 à Fév 2025 Plus de graphiques de la Bourse Granite Construction
Granite Construction (NYSE:GVA)
Graphique Historique de l'Action
De Fév 2024 à Fév 2025 Plus de graphiques de la Bourse Granite Construction