logo
Share SHARE
FONT-SIZE Plus   Neg

Granite Construction Awarded $56 Mln Order To Build Streetcar Project In Arizona

Granite Construction Inc. (GVA) announced that it has received a $56 million contract from the City of Tucson to build the first federally-funded streetcar project in more than 60 years. Granite will book the project into backlog during the first quarter of 2012.

The company stated that the new four-mile electric light-rail system will provide transportation through the city's main corridor.

The project consists of new concrete streetcar guideways, 22 covered stops for accessibility, the reconstruction of existing roadways, including the modification and replacement of water systems and other associated utility improvements.

Work is underway and is expected to be completed by summer 2013, Granite Construction added.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
RELATED NEWS
Trade GVA now with 
Follow RTT