ETFOptimize | High-performance ETF-based Investment Strategies

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


ETFOptimize | HOME
Close Window

Granite and JV Partner Advance Southern Nevada Water Infrastructure with Paradise Hills CMAR Project

Granite (NYSE: GVA), in partnership with Contri Construction Company, is pleased to announce the formation of Southern Nevada Construction Partners (SNCP), a joint venture. SNCP has been selected to deliver the preconstruction phase of the Paradise Hills Construction Manager at Risk (CMAR) Project for the Southern Nevada Water Authority (SNWA). This infrastructure initiative is a cornerstone of SNWA’s Horizon Lateral Program, which is designed to enhance long-term water delivery, system reliability, and regional redundancy.

The project includes the installation of approximately 22,000 linear feet of 120-inch steel water pipeline, featuring up to three trenchless crossings beneath critical infrastructure: an existing 108-inch waterline, Interstate I-11, and Union Pacific Railroad tracks. The pipeline will also include multiple valved outlets for future connections to Boulder City, the City of Henderson’s Reservoir R-8, and the Horizon Lateral pipeline.

A new 65 million gallons per day (MGD) pumping station will be constructed, with an initial operating capacity of 35 MGD. The facility will include a single-level pump building with mechanical, electrical, and disinfection systems, surge protection infrastructure, flow metering, and advanced instrumentation and control systems. Site improvements will include civil grading, access roads, perimeter security, and desert-compliant landscaping.

As the JV lead, Granite will perform clearing and grubbing operations, structure excavations and backfill, form/place/strip of concrete structures, installation of access roads along the pipeline alignment, demolition and restoration of existing roadways, and the full installation of all pump station structures and equipment. Contri will be responsible for installing the 120-inch pipeline and associated appurtenances.

“This project showcases our joint venture’s local expertise and collaborative strength,” said Don Sawyer, Granite Area Manager. “Through SNCP, we’re delivering a high-value, future-ready water infrastructure solution that supports the long-term needs of Southern Nevada.”

SNWA awarded SNCP the preconstruction contract which will be completed in December 2026.

Construction is anticipated to begin on January 4, 2027, with completion expected January 2030. Granite’s total estimated construction contract value is $240 million.

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  222.03
-0.51 (-0.23%)
AAPL  272.60
-1.51 (-0.55%)
AMD  205.25
-2.33 (-1.12%)
BAC  54.95
-0.38 (-0.70%)
GOOG  307.75
-1.57 (-0.51%)
META  648.86
+1.35 (0.21%)
MSFT  473.38
-1.44 (-0.30%)
NVDA  175.72
-0.57 (-0.33%)
ORCL  186.33
+1.41 (0.76%)
TSLA  473.61
-1.70 (-0.36%)
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.