Granite’s Water and Mineral Services Group Awarded $21 Million Joint Venture Sewer Rehabilitation Project in Atlanta

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) today announced a $21 million joint venture contract
by the City of Atlanta for the Sewer Group Three Rehabilitation,
Contract D project in Atlanta, Georgia. The contract was awarded to
Granite Inliner, a division of Granite’s newly formed Water and Mineral
Services Group, in joint venture with T&J Industries Development &
Contracting Inc. Granite booked its 60 percent share of the $21 million joint venture project into its fourth quarter 2018 backlog.

“This award highlights the significant opportunities for our Granite
Inliner business as well as the overall growth prospects in the
rehabilitation, water and wastewater markets provided by our recent
acquisitions," said James H. Roberts, President and Chief Executive
Officer of Granite.

This project is part of the City of Atlanta's consent decree program to
upgrade aging infrastructure. The multi-disciplined contract covers a
wide variety of renewal technologies and construction management
services.Once complete, this project will have replaced or
repaired 50,000 linear feet of small diameter sanitary sewer pipes
situated in the Sugar Creek Sewer Basin and located in approximately ten
sewersheds. Granite Inliner's trenchless process of a cured-in-place
pipe will allow the city to repair underground piping with minimal
disruption to the public.

Construction began in January 2019 and is scheduled to be completed in
February 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 ten 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

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.


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Source: Granite Construction Incorporated