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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who started this subject9/6/2001 5:08:59 PM
From: Jim Bishop  Read Replies (1) of 150070
 
WNGXQ interesting news, not sure exactly how these guys fit into it but....

(COMTEX) B: Granite Construction Awarded $69.5 Million Joint Venture Con
B: Granite Construction Awarded $69.5 Million Joint Venture Contract in Florida

WATSONVILLE, Calif., Sep 6, 2001 /PRNewswire via COMTEX/ -- Granite
Construction Incorporated (NYSE: GVA) announced today that Granite Construction
Company, a wholly-owned subsidiary, has been awarded a design-build contract in
joint venture with Herzog Contracting Corporation and Washington Group
International for reconstructing a commuter rail line in south Florida. The
project, awarded by the Tri-County Commuter Rail Authority, traverses Palm
Beach, Broward and Dade Counties in Florida. Granite's portion of the $231.6
million contract is approximately $69.5 million or 30%.

The scope of the project includes upgrading from single lane track to double
track on an existing commuter rail line for a total of 44 miles. Work also
includes 26 bridges -- 12 new, 6 replacements, 8 for rehabilitation; 12 stations
-- 2 new, 9 modifications, and 1 demolition; and 72 road crossings and signals.
The design phase of the project will begin in September 2001, with construction
commencing by December 2001. Completion is scheduled for November 2004.

Granite is one of the nation's largest diversified heavy civil contractors and
construction materials producer. Granite Construction Company serves public and
private sector clients through its 48 offices nationwide. For more information
about the company, please visit their website at www.graniteconstruction.com.


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SOURCE Granite Construction Incorporated


CONTACT: Michael Lawson of Granite Construction Incorporated,
+1-831-761-4717

URL: graniteconstruction.com
prnewswire.com

Copyright (C) 2001 PR Newswire. All rights reserved.

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KEYWORD: California
Florida
INDUSTRY KEYWORD: CST
TRN
SUBJECT CODE: CON
JVN

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