Dive Brief:

• A $48 million rehabilitation contract for a runway at the Anchorage, Alaska, airport is going to Granite Construction.
• The job includes taxiways, lighting replacement and a new access road at Ted Stevens International.
• The job is estimated to involved 225,000 tons of hot-mix asphalt and 350,000 tons of borrow material.

Dive Insight:

Granite is working on the basis of two notices to proceed, and work should start this quarter. The projected end is the last quarter of next year. Granite is based in Watsonville, CA.