Granite (NYSE:GVA) has secured one $71 million contract from the United States Army Corps of Engineers for the expansion and modernization of the rail yard at Fort Bliss in El Paso, Texas. The project, included in Granite's third quarter 2024 CAP, includes adding new loading lanes, expanding the vehicle staging area and creating a secondary connection to the Union Pacific Railroad.
The improvements aim to increase freight yard capacity, increase operational efficiency and shorten rail loading schedules. Construction is scheduled to begin February 2025 and achieve graduation June 2027. The project represents a strategic collaboration between Granite's federal division and regions, providing growth opportunities for regional employees while expanding the company's presence in West Texas.
Granite (NYSE:GVA) Have one $71 million contract from the US Army Corps of Engineers for the expansion and modernization of the rail yard at Fort Bliss, El Paso, Texas. The project, included in Granite's third quarter 2024 CAP, includes adding new loading tracks, expanding the vehicle waiting area and creating a secondary connection to the Union Pacific Railroad.
The improvements aim to increase rail yard capacity, improve operational efficiency and reduce rail loading times. Construction is scheduled to begin February 2025 and close with June 2027. The project represents a strategic collaboration between the Granite Federal Division and the regions, providing growth opportunities for local employees while expanding the company's presence in West Texas.
Granite (NYSE:GVA) received one $71 million contract of the United States Army Corps of Engineers to expand and modernize the train station at Fort Bliss in El Paso, Texas. The project, included in Granite's Q3 2024 CAP, includes adding new freight tracks, expanding the vehicle holding area and creating a secondary connection to the Union Pacific Railroad.
The improvements aim to increase station capacity, improve operational efficiency and reduce rail loading times. Construction is scheduled to begin February 2025 and ends in June 2027. The project represents a strategic collaboration between the Federal Granite Division and the regions and provides growth opportunities for regional employees while expanding the company's presence in West Texas.
Granite (NYSE:GVA)From the US Army Corps of Engineers $71 million contractSigning of the agreement to expand and modernize the train depot at Fort Bliss in El Paso, Texas. The project is included in Granite's third quarter 2024 CAP and includes the addition of new freight tracks, expansion of vehicle staging areas and the creation of a secondary connection with the Union Pacific Railroad.
These improvements aim to increase the station's capacity, improve operational efficiency and reduce freight loading times. The construction February 2025It started in June 2027Completion is scheduled for. This project represents a strategic collaboration between Granite's federal agencies and the region, providing growth opportunities for local employees and expanding the company's presence in West Texas.
Granite (NYSE:GVA) Have one $71 million contract of the US Army Corps of Engineers for the expansion and modernization of the rail yard at Fort Bliss in El Paso, Texas. The project, included in Granite's third quarter 2024 CAP, includes adding new loading lanes, expanding the vehicle storage area and creating a secondary connection to the Union Pacific Railroad.
The improvements aim to increase rail yard capacity, improve operational efficiency and reduce rail loading times. Construction is expected to begin this year February 2025 and ends in June 2027. The project represents a strategic collaboration between Granite's federal division and regions, providing growth opportunities for regional employees while expanding the company's presence in West Texas.
Granite (NYSE:GVA) has one $71 million contract received from the U.S. Army Corps of Engineers for the expansion and modernization of the rail yard at Fort Bliss in El Paso, Texas. The project, included in Granite's third quarter 2024 CAP, calls for adding new loading tracks, expanding the vehicle storage area and creating a secondary connection to the Union Pacific Railroad.
The improvements aim to increase freight yard capacity, increase operational efficiency and reduce weighing measurement times. The construction should be in February 2025 start and in June 2027 be completed. The project represents a strategic collaboration between Granite's federal division and the regions, providing growth opportunities for regional employees while expanding the company's presence in West Texas.
Positive
- Securing a significant $71 million federal contract
- Project already included in the CAP for Q3 2024
- Expands market presence in the West Texas region
Negative
- Long project period (2.3 years) with a delayed start in 2025
Insights
The
The contract has several notable implications for investors:
- The 28-month project schedule fits well with Granite's operational capacity and allows for efficient resource allocation while maintaining margins
- Expansion into West Texas opens new opportunities in a region seeing significant investment in military infrastructure
- The collaboration between the federal department and the regions demonstrates operational synergies that potentially lead to improved project delivery and cost efficiency
- Military infrastructure projects typically offer more stable payment terms and a lower risk profile compared to civilian contracts
The broader context is particularly relevant – as military logistics modernization becomes increasingly important, companies with proven track records in military infrastructure projects are well positioned for future contract opportunities. The project's focus on improving military mobility and logistics efficiency suggests potential follow-up work as similar facilities need to be modernized across the country.
While he only represents approximately
Granite's work will add new loading lanes, expand the vehicle staging area and create a secondary connection from the rail yard to the Union Pacific Railroad. These improvements are intended to increase the capacity of the marshalling yard, improve efficiency and reduce the time required for rail loading operations.
“Our work at
“The project underscores the new strategic collaboration between the federal department and the regions,” said Curt Haldeman, Granite vice president of regional operations. “It provides regional employees with the opportunity to enhance their federal professional experience and helps us expand our market presence in West Texas.”
Construction is scheduled to begin in February 2025 and be completed in June 2027.
About granite
Granite is America's Infrastructure Company™. Since 1922, Granite (NYSE:GVA) has been one of the largest diversified construction and building materials companies in the world
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Granite contacts
media
Erin Kuhlman – 831-768-4111
investors
Wenjun Xu-831-761-7861
Source: Granite
FAQ
What is the value of Granite (GVA) with the Fort Bliss rail yard?
Granite (GVA) has been awarded a $71 million contract for the Fort Bliss Rail Yard expansion project in El Paso, Texas.
When will Granite (GVA) begin construction on the Fort Bliss Rail Yard project?
Construction on the Fort Bliss station project is scheduled to begin in February 2025.
What is the timeline for completion of the GVA expansion of Fort Bliss Station?
The Fort Bliss Station Expansion Project is expected to be completed in June 2027.
What improvements will Granite make to the Fort Bliss Station?
Granite will add new loading lanes, expand the vehicle staging area and create a secondary connection to the Union Pacific Railroad to increase capacity and improve operational efficiency.
Is the Fort Bliss contract included in Granite's (GVA) backlog?
Yes, the $71 million Fort Bliss project was included in Granite's third quarter 2024 CAP.