Granite Secures $32M Alaska Highway Reconstruction Project

Event summary

  • Granite awarded $32M Parks Highway MP 315–325 Reconstruction project in Alaska.
  • Project is the second phase of a CM/GC program Granite has delivered since 2022.
  • Work includes 1.2M cubic yards of excavation, 22,000 tons of asphalt, and reduced gravel imports by 42,000 tons.
  • Construction begins late Q2 2026, substantial completion expected Q3 2028.

The big picture

This project underscores Granite's position as a key player in U.S. infrastructure development, particularly in challenging environments like Alaska. The CM/GC delivery model highlights Granite's ability to integrate design and construction phases, potentially offering a competitive advantage in large-scale civil projects. The $32M contract value, while significant, represents a strategic win in Granite's portfolio of transportation infrastructure projects.

What we're watching

Execution Risk
Whether Granite can maintain its track record of delivering projects on time and within budget.
Material Efficiency
The pace at which Granite can leverage on-site materials to reduce costs and environmental impact.
Partnership Dynamics
How Granite's collaboration with Alaska DOT&PF, Michael Baker, and Stanton will affect future project opportunities.