Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Granite Secures $17 Million Duncan Creek Diversion Dam Improvement Project


Granite (NYSE:GVA) announced today that it has been awarded an approximately $17 million construction contract by the Placer County Water Agency (PCWA) for updates and improvements at the Duncan Creek Diversion Dam near Foresthill, California. The dam is one of the hundreds of older, small dams in Northern California’s Sierra Nevada Mountains. Many of them will require major modifications in the near future in order to bring them up to modern standards. Through the improvement project, the Duncan Creek dam will be brought up to current standards as required by the California Department of Water Resources Division of Safety of Dams (DSOD), while improving fish passage and allowing for more efficient operation of the facility. The award is anticipated to be included in Granite’s third quarter cap.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220914005244/en/

(Photo: Business Wire)

(Photo: Business Wire)

Project updates include creating a new pneumatic gate structure to increase downstream sediment delivery, adding new piping and gate controls to manage instream flows, adding new gates and structure for pulse flow capacity, and building a new concrete structure and intake bay consisting of a fish screening facility to prevent entrainment and provide downstream fish stream passage. Additionally, the project includes installation of micro-hydropower units to provide local power to new equipment controls and communication.

“This project will extend our relationship with PCWA and build on the partnership recently established on the Interbay Sediment Removal Project, which we completed for the owner in 2021,” said Carter Rohrbough, Granite VP Regional Operations.

The project is anticipated to begin in fourth quarter 2022 and expected to be completed in 2024.

About Granite

Celebrating its centennial year, Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220914005244/en/

Granite Construction Stock

€59.50
0.000%
There is no change in the price for Granite Construction today.
Based on 2 Buy predictions and 1 Sell predictions the sentiment towards Granite Construction is rather balanced.
However, we have a potential of -2.52% for Granite Construction as the target price of 58 € is below the current price of 59.5 €.
Like: 0
Share
Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Investor relations, public relations, public policy and marketing professionals rely on Business Wire for secure and accurate distribution of market-moving news and multimedia.

Legal notice

Comments