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$855 MILLION SH 99/GRAND PARKWAY PROJECT IN HOUSTON AWARDED TO FERROVIAL AGROMAN, WEBBER AND GRANITE

Category: General / 29 March 2017

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Ferrovial Agroman

$855 MILLION SH 99/GRAND PARKWAY PROJECT IN HOUSTON AWARDED TO FERROVIAL AGROMAN, WEBBER AND GRANITE

AUSTIN, TEXAS (MARCH 28, 2017) – The Texas Department of Transportation Commission todayawarded the design-build contract for State Highway 99/Grand Parkway (segments H&I) in theHouston area to Grand Parkway Infrastructure, a joint-venture between Ferrovial Agroman USCorp., Webber LLC and Granite Construction Inc.

The expansion of SH 99 in the greater Houston area is critical to improving mobility in one of thenation’s fastest-growing regions,” said Ignacio Vivancos, North America Managing Director, FerrovialAgroman. “With the success that we have had in improving traffic flow and economic developmentacross Texas, we believe our combined team is uniquely qualified to successfully complete thisproject.”

The $855 million project northeast of Houston spans 52.5 miles through Chambers, Harris, Libertyand Montgomery counties and will substantially increase capacity along SH 99 with the constructionof one to two new tolled lanes in each direction between US 59 to Interstate 10 (I-10) and fouradditional toll lanes from I-10 to SH 146.

The Grand Parkway has played a significant role in the ongoing growth of the Houston communityand economy,” said Tim Creson, President & CEO of Webber, LLC. “Webber is excited to be a part ofthe design and construction of the final phase of this monumental project that has transformedHoustonians’ mobility by directly tying its outlying communities together.”

In addition to constructing new tolled lanes and upgrading the tolling infrastructure on SH 99 from I-10 to FM 1405, the partnership will also be responsible for maintaining portions of the project, whichis expected to be completed within the next six years. Right-of-way acquisition is expected to last upto 24 months, involving approximately 375 parcels of land. Utility relocations, which represent 10percent of the project cost and include major oil and gas pipelines, will present some challenges.

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There are also 74 new bridges along the length of the project, and the project team will move morethan 10 million cubic yards of earthwork.

“Granite is pleased to be working in partnership with Ferrovial Agroman and Webber on thisimportant project for the greater Houston area,” said Dale Swanberg, Senior Vice President ofGranite’s Large Projects Group. “The combined experience of our joint venture team allows us toprovide the safest, most innovative and cost effective solution for TxDOT.”

About Ferrovial Agroman US Corp.

Ferrovial Agroman is the Ferrovial subsidiary that carries out civil engineering, construction andindustrial projects, boasting more than 80 years of international activity in more than 50 countrieson five continents. Ferrovial Agroman US Corp. is headquartered in Austin, Texas and has managedsome of the country’s largest, most complex transportation projects, including: completing the $2.1billion LBJ Express managed lanes project ahead of schedule, and the $1.45 billion North TarrantExpress Segments 1 & 2, which opened nearly nine months ahead of the contracted completion date.For more information, please visit www.fauscorp.com.

About Webber, LLC

Founded in 1963, Webber is a leading heavy civil, commercial and waterworks construction companyand recycled material producer dedicated to safely providing intelligent solutions to its clients andcommunity. As a wholly owned subsidiary of Ferrovial S.A., an international company basedin Madrid, Spain, Webber has access to a global network of skilled engineers, best-in-classtechnologyandvastresources.Webberisheadquarteredin Houston,Texas,andhasbeenratedbyEngineering News-Record as one of the largest transportation contractors inthe Texas/Louisiana region for the past four years. For more information, pleasevisit wwebber.com.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE:GVA) is oneof the nation’s largest infrastructure contractors and construction materials producers. Granitespecializes in complex infrastructure projects, including transportation, industrial and federalcontracting, and is a proven leader in alternative procurement project delivery. Granite is listed onthe New York Stock Exchange and is part of the S&P MidCap 400 Index, the MSCI KLD 400 SocialIndex and the Russell 2000 Index. For more information, visit graniteconstruction.com

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