Granite’s New Water and Mineral Services Group Awarded $22.5 Million in Sewer Rehabilitation Projects in Canada

Granite’s New Water and Mineral Services Group Awarded $22.5 Million in Sewer Rehabilitation Projects in Canada

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) announced today that its Granite Inliner division in

the Water and Mineral Services Group has been awarded a $14 million contract by the City of Hamilton, Ontario for the cleaning, inspection

and structural rehabilitation of existing sewers and a $8.5 million contract by the Region of Niagara, Ontario for the Stamford Interceptor

Rehabilitation project. The contract with the Region of Niagara was

included in Granite’s fourth quarter 2018 backlog and the contract with

the City of Hamilton will be included in Granite’s first quarter 2019

backlog.

Both projects will be completed by LiquiForce, Granite Inliner’s

Canadian based rehabilitation services company that serves water and

wastewater customers in Canada and Michigan.

“These two awards are examples of our growing market share in the

trenchless rehabilitation solutions and highlight the value of the

LiquiForce team,” said James H. Roberts, President and Chief Executive

Officer of Granite.

Scope of work for the City of Hamilton includes 100 percent trenchless

lateral rehabilitation using cured-in-place pipe (CIPP) methods, manhole

rehabilitation, closed circuit television (CCTV) inspection of sewers

and laterals, wastewater system lining and minor open cut repairs as

required. Since 2011, LiquiForce has installed more than 6,000 lateral

liners in Hamilton and inspected over 10,000 laterals without a single

clean-out being installed.

Scope of work for the Stamford Interceptor Rehabilitation project

includes the rehabilitation of 7,600 feet of new and existing

1,050-millimeter and 1,200-millimeter diameter sanitary sewer main,

bypassing the entire system including three pumping stations, and

rehabilitating 23 manholes.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction

Incorporated (NYSE: GVA) is a full-suite provider in the transportation,

water infrastructure and mineral exploration markets. Granite, America’s

Infrastructure Company, is an award-winning firm in safety, quality and

environmental stewardship, and has been honored as one of the World’s

Most Ethical Companies by Ethisphere Institute for nine consecutive

years. Granite is listed on the New York Stock Exchange and is part of

the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell

2000 Index. For more information, visit graniteconstruction.com.

About Granite Inliner

Granite Inliner is one of the nation’s largest cured-in-place pipe and

trenchless pipe providers, and offers sustainable pipeline

rehabilitation services to both public and private sectors. Granite

Inliner installs safe, cost-effective, and long-term solutions for aging

water, wastewater and sewer infrastructure needs. In June 2018, they

became a wholly-owned subsidiary of Granite Construction Incorporated.

Granite Contacts

Media

Jacque Fourchy 831-761-4741

Investors

Ronald

Botoff 831-728-7532

Source: Granite Construction Incorporated