ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Granite Announces Arlington Avenue Bridges Replacement Project in Reno, NV; Groundbreaking Included U.S. Secretary of Transportation Pete Buttigieg

Granite (NYSE: GVA) is proud to announce its role as Construction Manager at Risk (CMAR) of the Arlington Avenue Bridges Replacement Project, a transformative initiative aimed at replacing the two structurally deficient bridges that cross the Truckee River in the Riverwalk District of downtown Reno, Nevada. The approximately $32 million project was awarded by the Regional Transportation Commission (RTC) of Washoe County and is funded by federal and local fuel tax funds.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903711325/en/

Granite proudly announces the groundbreaking on the Arlington Avenue Bridges Replacement project in Reno, Nevada. This initiative will enhance safety and connectivity for the community, reflecting our commitment to delivering quality infrastructure solutions. (Photo: Business Wire)

Granite proudly announces the groundbreaking on the Arlington Avenue Bridges Replacement project in Reno, Nevada. This initiative will enhance safety and connectivity for the community, reflecting our commitment to delivering quality infrastructure solutions. (Photo: Business Wire)

At the groundbreaking event last week, U.S. Secretary of Transportation Pete Buttigieg emphasized the significance of the project, stating, “These bridges are structurally deficient, but they are also profoundly important. They serve as was said the beating heart of this city and are such an important part of both the function and the quality of life of this community.”

The Arlington Avenue Bridges Replacement Project will involve working within the waterway, utilizing two diversions to complete the necessary work. The project’s primary goals are to address the deteriorating condition of the bridge structures, enhance safety for pedestrians, bicyclists, transit riders, and drivers, and ensure sufficient hydraulic capacity for the Truckee River during flood events.

Key Highlights of the Project:

  • Safety Improvements: Enhanced safety measures for pedestrians, bicyclists, kayakers, transit riders, and drivers in the Wingfield Park area.
  • Structural Replacement: Replacement of the two nearly century-old Arlington Avenue bridges that have become structurally deficient
  • Hydraulic Capacity: Improved hydraulic capacity to manage flood events effectively.
  • Roadway and Utility Upgrades: Roadway improvements, utility upgrades, and relocations.
  • Aesthetic Enhancements: New lighting, landscaping, and aesthetic improvements to enhance the visual appeal of downtown Reno.

“The Arlington Avenue Bridges Project is a signature initiative that will significantly enhance the landscape of downtown Reno,” explained Chris Burke, Granite Vice President of Regional Operations. “This project not only provides excellent backlog for Granite in Reno, but also strengthens our relationship with local entities through collaboration during the preconstruction phase,” he continued.

Granite initiated a series of partnership meetings with team members to foster early collaboration, which proved crucial for effective project management. During preconstruction and various design stages, Granite reviewed plans, specifications, and quantities, held risk and innovation workshops, and conducted resolution meetings to clarify work requirements. This collaborative CMAR process resulted in a collective saving of $7 million on the budget, a plan to complete all in-river work in one season, and a reduction of six months from the initial schedule.

Granite will provide materials from its nearby Lockwood Facility, including 10,000 tons of granular backfill for bridge structures earthwork, 9,000 tons of structural backfill for bridge structures earthwork, 1,400 tons HMA for roadway reconstruction, and 1,800 tons AB for roadway reconstruction.

The construction portion of this project is expected to begin in May 2025 and be completed in August 2026.

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.

Contacts

Granite Contacts

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Recent Quotes

View More
Symbol Price Change (%)
AMZN  222.36
-0.18 (-0.08%)
AAPL  272.96
-1.15 (-0.42%)
AMD  207.01
-0.57 (-0.27%)
BAC  55.01
-0.32 (-0.58%)
GOOG  308.78
-0.54 (-0.17%)
META  649.50
+1.99 (0.31%)
MSFT  473.99
-0.83 (-0.18%)
NVDA  176.65
+0.36 (0.20%)
ORCL  187.10
+2.18 (1.18%)
TSLA  473.93
-1.38 (-0.29%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.