Granite Subsidiary Awarded $39 Million Interstate Improvement Contract in Chicago

Granite (NYSE:GVA) announced today that Kenny Construction Company, a
wholly-owned subsidiary, has been awarded a $39 million interstate
improvement contract by the Illinois Department of Transportation (IDOT)
for the Westbound I-90 project in Chicago, Illinois. The contract will
be included in Granite’s second quarter 2018 backlog.

Scope of work includes the construction of an auxiliary lane between
Canfield Road and Harlem Avenue, a westbound collector-distributor
roadway, ramp modifications at Cumberland Avenue, Canfield Road, and
Harlem Avenue interchanges to tie into the widened mainline pavement,
six new retaining walls and repairs to five existing retaining walls;
reconstruction of the existing retaining wall at the westbound Canfield
Road exit ramp due to a realignment of the ramp; and resurfacing of
westbound mainline I-90 from I-190 to Harlem Avenue.

I-90 is a major east-west transportation route and link in the nation’s
transportation system. The section of I-90 between Chicago-O’Hare
International Airport and the City of Chicago’s central business
district plays an essential role in moving people and goods on a
regional and local level within Illinois. I-90 also provides a direct
connection to Chicago-O’Hare International Airport via I-190. The
Westbound I-90 project runs from I-190 to the westbound Harlem Avenue
entrance ramp.

Construction is scheduled to begin in summer 2018 and conclude in summer
2020.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction
Incorporated (NYSE: GVA) is a full-suite provider in the transportation,
water infrastructure and mineral exploration markets. Granite, America’s
Infrastructure Company, 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 nine
consecutive years. Granite is listed on the New York Stock Exchange and
is part of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and
the Russell 2000 Index. For more information, visit graniteconstruction.com.

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