Granite JV Secures $50M-$60M Reno Bridge Project Under CMAR Model
Event summary
- Granite-led joint venture Keystone Bridge Partners wins preconstruction CMAR contract for Reno's Keystone Avenue Bridge Replacement Project.
- Project timeline spans Q2 2026 through Q3 2029 with anticipated construction value of $50M-$60M.
- Scope includes demolition, new steel beam girder structure, and multi-use path connectivity improvements.
- Granite partners with Condon-Johnson & Associates on this structurally critical Truckee River crossing.
The big picture
This contract win reinforces Granite's strategy of leveraging joint ventures to secure large-scale civil construction projects, particularly those involving structurally deficient bridges. The CMAR model represents a growing trend in public infrastructure procurement, allowing for collaborative risk-sharing between contractors and government agencies. With increasing federal funding for bridge replacement programs, this project positions Granite to capitalize on similar opportunities nationwide.
What we're watching
- Execution Risk
- Whether Granite can maintain schedule and budget discipline through the CMAR delivery model.
- Market Positioning
- How this win positions Granite in Nevada's growing infrastructure modernization market.
- Regulatory Dynamics
- The pace at which similar public-private partnership opportunities emerge in Western U.S. transit systems.