Granite Construction wins USD 59m sub-contract for international terminal project at LAX

Granite Construction Incorporated (NYSE:GVA) has been awarded a USD 59m sub-contract by the Turner/PCL Joint Venture for the Midfield Satellite Concourse North Project at the Los Angeles International Airport (LAX) in California,.

Approximately USD 16m was booked into backlog in the fourth quarter of 2016 and USD 43m in the first quarter of 2017.

The approximately USD 1.6bn Midfield Satellite Concourse Project will expand LAX´s capacity to serve international travelers in and out of the Tom Bradley International Terminal. Construction is currently underway with Granite´s portion of the work scheduled to be complete by December 2019.

Granite´s scope of work includes demolition of over 80,000 cubic yards of existing portland cement concrete and asphalt surfaces, demolition of over 13,000 feet of existing utilities, over 350,000 cubic yards of mass grading, structural excavation and backfill, and installation of over 28,000 feet of new domestic and fire water, storm drain, sanitary sewer, and natural gas utilities, along with nearly 3,000 cubic yards of utility structures including the construction of five pump stations.

Through its offices and subsidiaries nationwide, Granite Construction is an infrastructure contractor and construction materials producer. Granite specializes in complex infrastructure projects, including transportation, industrial and federal contracting, and is a proven leader in alternative procurement project delivery. Granite is an award-winning firm in safety, quality and environmental stewardship, and has been honored as one of the World´s Most Ethical Companies by Ethisphere Institute for eight consecutive years.