Granite Construction Inc. (GVA) said that a joint venture team comprised of Granite Construction Northeast Inc., Traylor Bros. and Frontier-Kemper Constructors, Inc., has been awarded a $659 million contract by the MTA Capital Construction to build the Queens Bored Tunnels and Structures for Long Island Rail Road's East Side Access project in New York. In conjunction with the award, the MTACC also issued a full notice to proceed on the project. Granite's 42.5% share of the contract will be booked into third quarter 2009 backlog. The Queens Bored Tunnels and Structures contract is part of the LIRR's East Side Access project and is the last major link in the tunnels from Queens to Grand Central Terminal in Manhattan.
The company said the scope of the work includes the excavation and the precast concrete lining of four bored tunnels beneath an active rail storage yard. Totaling over 10,000 linear feet or nearly two miles in length and approximately twenty-two feet in diameter, the tunnels would be excavated utilizing two tunnel boring machines, each weighing more than 500 tons. The work also includes the excavation of three emergency exit structures, underpinning of existing bridges and the demolition of various rail yard buildings. Work on the project would begin immediately and is estimated to take 42 months to complete.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.