Granite Construction Secures $230mln Contracts for Garnet Valley Wastewater System Project

Granite Construction Inc has secured two significant work packages worth $160 million and $70 million under a $230 million contract for the Garnet Valley Wastewater System project. The contract, awarded by the Southern Nevada Water Authority, is part of a larger $900 million infrastructure initiative. The project supports sustainable development and Granite's extensive experience positions it well for successful project delivery. However, the extended project timeline may impact short-term financial performance.