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 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.