market news

RTAA awards $45 Mn to Granite for Nevada runway reconstruction

RTAA awards $45 Mn to Granite for Nevada runway reconstruction

Granite Construction Incorporated has recently announced that it has been selected for a $45 million deal by the RTAA (Reno-Tahoe Airport Authority). Under the terms of the contract, Granite will be tasked with the reconstruction of Runway 16R-34L. The project will be undertaken at the Reno, Nevada-based Reno-Tahoe International Airport.

The scope of work for Granite involves the reconstruction of the 20-year-old runway, using around 40,000 cubic yards concrete, 22,000 tons aggregate base, 25,000 tons hot-mix asphalt, 40,000 tons asphalt-treated base rock as well as approximately 60,000 tons wildlife rock, which is utilized between taxiways and runways to deter nesting or burrowing of animals. Granite’s Lockwood Facility will provide these construction materials for the reconstruction project.

Brian Dowd, Granite’s Regional Vice President has reportedly been quoted as stating that the company is eagerly anticipating this partnership with the Reno-Tahoe Airport Authority, in order to be a part of this critical project for infrastructure enhancement. He further alluded to Granite’s long history of working with the Reno-Tahoe International Airport, where it has performed nearly $100 million worth of projects over the past two decades.

For the uninitiated, Granite Construction Incorporates, an America’s Infrastructure Company™, is one of the biggest diversified construction materials and construction companies in the US, as well as a provider of full-suite solutions across the mineral exploration, water infrastructure and transportation sectors. Founded in 1922, Granite has been one of the most ethical companies in the world, successively for eleven years, given its strong Core Values and Code of Conduct, guiding the employees and the company itself to uphold stringent ethical standards. It is also a market leader in safety and has won several accolades for sustainability and quality.

The runway reconstruction project is expected to begin construction in the second quarter of 2020, with the project completion anticipated by the fourth quarter of 2021.

Read more: https://markets.businessinsider.com/news/stocks/granite-awarded-45-million-runway-reconstruction-project-in-nevada-1029061004

About the author

Nandita Bhardwaj

Nandita holds a management degree with specialization in marketing, and boasts of a short-term experience in the field of recruitment. Following her passion for writing however, she decided to pursue a career in the field of content development. Presently, Nandita pens down news pieces for newsorigins.com, spanning the verticals of business, finance, and technology.