Granite Construction Wins $23.7 Million Contract to Rehabilitate Road in Glacier National Park
Granite Construction (GVA) has been awarded a $23.7 million contract by the Federal Highway Administration's Western Federal Lands Division to rehabilitate Two Medicine Road in Montana’s Glacier National Park, with construction set for fall 2026 through late 2027. The project involves collaboration with the National Park Service and Blackfeet Nation and includes reconstruction, drainage improvements, parking restoration, stream-channel work, and visitor amenities. The contract is expected to be included in Granite Construction’s third-quarter committed and awarded projects (CAP), which totaled $7.4 billion as of June 30. The new award represents approximately 0.32% of that balance. This marks the fourth such project from Western Federal Lands for GVA in three years, suggesting a growing specialization in this area. The company has seen strong performance recently, with second-quarter construction revenue rising by nearly 29%, and gross margins improving slightly to 16.5%. The use of full-depth reclamation techniques may help reduce logistics costs; however, risks such as weather delays, cost overruns, and cash flow timing remain potential challenges.
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