Granite Subsidiary Awarded $46 Million Shared Use Path Project in Chicago

Granite (NYSE:GVA) announced today that its wholly-owned subsidiary, Kenny Construction Company ("Kenny”), has been awarded a $46 million contract by the City of Chicago for the Navy Pier Flyover’s Lakefront Trail Project Phase III in Chicago, Illinois. The contract will be included in Granite’s fourth quarter 2018 backlog.

This project is in the final phase of construction for the Navy Pier Flyover multi-use path which will reduce congestion and improve safety for bicyclists and pedestrians near Navy Pier and Oak Street Beach. Construction of Phase III begins at the southern limits of the Phase II project, also being constructed by Kenny, and extends through the existing bridge houses and across the Chicago River alongside the iconic Lake Shore Drive bascule bridge. The scope of work includes structural and mechanical rehabilitation of the existing bascule bridge, structural and architectural modifications to the bridge houses, installation of new dolphin structures and micropile deep foundations, as well as bridge painting.

Construction is scheduled to begin in December 2018 and conclude in summer 2020. For more information visit Navy Pier Flyover Project website.

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.

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