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GRANITE CONSTRUCTION JOINT VENTURE AWARDED $38.3 MILLION FREEWAY PROJECT

 GRANITE CONSTRUCTION JOINT VENTURE AWARDED
 $38.3 MILLION FREEWAY PROJECT
 WATSONVILLE, Calif., June 25 /PRNewswire/ -- Granite Construction Inc. (NASDAQ, NMS: GCCO) announced today that a joint venture of Granite and C.C. Meyers had been awarded a $38.3 million contract to build a new six-lane freeway in San Jose. Granite's portion of the contract is valued at approximately $31 million.
 The scope of Granite's portion of the work includes construction of a new depressed section of freeway along Highway 85 from Russo Avenue to Bascom Avenue in San Jose, a distance of 3.7 miles. The contract calls for the excavation and removal of approximately 1.4 million-cubic-yards of earthen materials, grading and placement of roadbase materials, 41,000 cubic yards of concrete paving and underground utilities. C.C. Meyers' share of the work includes construction of two structural concrete bridges and all concrete retaining walls.
 Work is scheduled to begin next month and will take approximately two-and-one-half years to complete. Granite Construction is a heavy civil contractor engaged in the construction of highways, dams, tunnels, mass transit systems and other infrastructure-related projects. The company's stock is traded on the NASDAQ/National Market System under the symbol GCCO.
 -0- 6/25/92
 /CONTACT: Michael Lawson of Granite Construction, 408-761-4717/
 (GCCO) CO: Granite Construction Inc. ST: California IN: CST SU: CON


DG-MC -- SJ008 -- 3632 06/25/92 09:02 EDT
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Publication:PR Newswire
Date:Jun 25, 1992
Words:230
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