Granite wins $27m joint venture construction project in California

Granite has been awarded a $27 million contract to construct and maintain dredging at Piers 1, 3, and Paleta Creek at Naval Base San Diego, California.

The company will work alongside its joint venture partner Healy Tibbitts Builders on behalf of the Naval Facilities Engineering Command Southwest.

The project is expected to re-establish the operational and berthing depth required for United States Navy vessels and other visiting vessels, and restore the pier slips and creek area for safe and unrestricted navigation. The dredged material will be screened for unexploded ordnance and radiological debris, dried or dewatered prior to transport for disposal at a commercial landfill.

Granite says the contract includes on unexercised option, which if exercised would increase the cumulative value to $38 million. Granite will book 21 million, or its 78% share, of the $27 million contract in its second quarter 2019 backlog.

Construction is scheduled to begin in summer 2019 and be complete in 2021.




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