Caltrans awards Granite, MCM Construction $72 million contract
Tina Grady Barbaccia | February 4, 2011
Granite Construction Co. and MCM Construction Inc. have been awarded a $72 million contract by the California Department of Transportation (Caltrans) to reconstruct and widen the existing State Route 101 in Monterey County.
Granite’s share of the contract is 67 percent, or about $48 million. Granite will book the project into backlog during the first quarter of 2011.
Scope of the project includes rehabilitating and elevating a portion of State Route 101 from Espinosa Road to Echo Valley Road just north of Salinas. The joint venture team will be responsible for excavation of the existing road, repaving with asphalt concrete, and installation of storm drains. The contract also calls for the establishment of retaining walls and fabrication of seven bridges.
Construction is estimated to begin in the spring of 2011 and be completed by the fall of 2013.
MORE FROM Economics
- VIDEO: Could ‘Beer Money’ help solve our infrastructure problem?438 Views
- Shuster, Boxer say highway bill is about jobs396 Views
- DOT report: $123.7 billion needed to maintain, improve highways, bridges190 Views
- Obama proposes $302 billion, 4-year reauthorization bill, announces availability of $600 million in TIGER grants174 Views
- DOT seeks innovative transportation tools153 Views