Granite’s New Water and Mineral Services Group Awarded $22.5 Million in Sewer Rehabilitation Projects in Canada

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) announced today that its Granite Inliner division in
the Water and Mineral Services Group has been awarded a $14 million contract by the City of Hamilton, Ontario for the cleaning, inspection
and structural rehabilitation of existing sewers and a $8.5 million contract by the Region of Niagara, Ontario for the Stamford Interceptor
Rehabilitation project. The contract with the Region of Niagara was
included in Granite’s fourth quarter 2018 backlog and the contract with
the City of Hamilton will be included in Granite’s first quarter 2019
backlog.

Both projects will be completed by LiquiForce, Granite Inliner’s
Canadian based rehabilitation services company that serves water and
wastewater customers in Canada and Michigan.

“These two awards are examples of our growing market share in the
trenchless rehabilitation solutions and highlight the value of the
LiquiForce team,” said James H. Roberts, President and Chief Executive
Officer of Granite.

Scope of work for the City of Hamilton includes 100 percent trenchless
lateral rehabilitation using cured-in-place pipe (CIPP) methods, manhole
rehabilitation, closed circuit television (CCTV) inspection of sewers
and laterals, wastewater system lining and minor open cut repairs as
required. Since 2011, LiquiForce has installed more than 6,000 lateral
liners in Hamilton and inspected over 10,000 laterals without a single
clean-out being installed.

Scope of work for the Stamford Interceptor Rehabilitation project
includes the rehabilitation of 7,600 feet of new and existing
1,050-millimeter and 1,200-millimeter diameter sanitary sewer main,
bypassing the entire system including three pumping stations, and
rehabilitating 23 manholes.

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.

About Granite Inliner

Granite Inliner is one of the nation’s largest cured-in-place pipe and
trenchless pipe providers, and offers sustainable pipeline
rehabilitation services to both public and private sectors. Granite
Inliner installs safe, cost-effective, and long-term solutions for aging
water, wastewater and sewer infrastructure needs. In June 2018, they
became a wholly-owned subsidiary of Granite Construction Incorporated.

 

Granite Contacts
Media
Jacque Fourchy 831-761-4741
Investors
Ronald
Botoff 831-728-7532

 

Source: Granite Construction Incorporated