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Stock impact report

Granite Embarks on Rehabilitation of Historic Lake Street Bascule Bridge

Granite Construction Incorporated (GVA) 
Last granite construction incorporated earnings: 10/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.graniteconstruction.com
Company Research Source: Business Wire
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has begun construction of an approximately $138 million rehabilitation project, awarded by the Chicago Department of Transportation (CDOT) for the iconic Lake Street Bascule Bridge in Chicago, Illinois. The project received funding from CDOT and was added to Granite’s first quarter CAP.Originally built in 1916, this landmark double-deck, double-leaf, moveable bridge plays a vital role in Chicago’s transportation network, carrying vehicles, pedestrians, and Chicago Transit Authority (CTA) buses on its lower level, and CTA’s Green and Pink Line trains on its upper level. Granite will construct the bridge to match the look of the original structure and preserve its historical appearance within the community.The rehabilitation project encompasses several key improvements, including full replacement of the double-decked trunnion bascule bridge over the Chicago River. In addition to necessary substructure rehabilitation, the proje Show less Read more
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