Granite (GVA) Awarded $19M Contract for Tahoe Cedars Water System Replacement Pr

Granite Construction Inc. (NYSE:GVA) is one of the high growth stocks to buy right now. On June 3, Granite was awarded an approximately $19 million contract by the Tahoe City Public Utility District for the initial phase of the Tahoe Cedars Water System Replacement Project. Located on the west shore of Lake Tahoe, California, the project will modernize critical infrastructure by replacing aging pipelines and system components that have operated past their intended service life.

The infrastructure upgrades include installing 15,000 linear feet of new water mains, relocating over 200 service lines, and integrating 29 fire hydrants and 200 residential water meters. These improvements aim to enhance system reliability, reduce water loss, and strengthen fire protection in the high-risk wildfire area of the Tahoe Basin with a resilient solution designed to last at least 50 years.

Construction for this initial phase is scheduled to begin in mid-June 2026 and is anticipated to be completed in October 2026. Reaching this milestone reflects strong collaboration across the project team, marking the first year of a planned four-year construction program

Granite Construction Inc. (NYSE:GVA)

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/granite-gva-awarded-19m-contract-112236295.html)