Tappan Zee Constructors Executes Contract and Receives Notice to Proceed
WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYS: GVA) announced today that Tappan Zee Constructors, a team comprised of Granite Construction Northeast, Inc., Fluor Enterprises, Inc., American Bridge Company, and Traylor Bros., recently received an executed contract and final notice to proceed from the New York Thruway Authority for design-build of the new Tappan Zee Hudson River Crossing Project.
Granite booked approximately $733 million related to its portion of the contract into backlog in the first quarter of 2013. In December 2012, the Authority's Board of Directors made the final selection to choose Tappan Zee Constructors' proposal for the landmark project.
The 3.1-mile-long Tappan Zee Bridge connects Rockland County to Westchester County in the Lower Hudson Valley (approximately 25 miles north of midtown Manhattan) and is a vital transportation link that serves approximately 138,000 vehicles per day. The mega-project will be the single largest bridge project in New York's history.
The project is currently underway and the team has established offices in Tarrytown, New York. For more information about the project and local hiring, visit www.tappanzeeconstructors.com.
Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYS: GVA) is one of the nation's largest infrastructure contractors and construction materials producers. Incorporated in 1922, Granite serves public- and private-sector clients on projects both small and large. Granite's project teams represent some of the best in the industry serving owners in the transportation, power, federal, tunneling, underground, and industrial/mining and water resources markets. In 2013, the Company was recognized by the Ethisphere Institute as one of the World's Most Ethical Companies for the fourth year in a row. For more information please visit www.graniteconstruction.com.
Granite Construction Incorporated
Jacque Fourchy, 831-761-4741
KEYWORDS: United States North America California New York
The article Tappan Zee Constructors Executes Contract and Receives Notice to Proceed originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.