Granite Construction Inc. (GVA) said it has been awarded a $22.0 million contract by the Gila River Indian Community to construct the final phase of the new 8.5-mile Santan Canal located approximately 40 miles southeast of Phoenix. The Santan Canal is part of the Gila River Indian Community's master plan to deliver 173,000 acre feet of water to farmlands within the Community. Through the Pima-Maricopa Irrigation Project, the Community's ultimate proposal is to design and construct a water delivery system that would potentially include 2,400 miles of canal and pipeline. Construction would begin this month with an estimated completion date December 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.