Transportation infrastructure development
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BBSB International Limited(H0252) - PHIP (1st submission)
2025-12-23 16:00
The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Post Hearing Information Pack, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Post Hearing Information Pack. Post Hearing Information Pack of BBSB International Limited (the "Company") (Incorporated in the Cayman Islands ...
BBSB International Limited(H0252) - Application Proof (1st submission)
2025-06-25 16:00
The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of BBSB International Limited (the "Company") (Incorporated in the Cayman Islands with limited liability) WARNING The ...
Granite Secures $66M Caltrans Contract for SR99 Interchange
ZACKSยท 2025-03-10 17:50
Core Viewpoint - Granite Construction Incorporated (GVA) has secured a $66 million contract from the California Department of Transportation for improvements to the Caldwell Avenue interchange on SR99, which is expected to enhance regional infrastructure and traffic flow [1][4][5]. Project Details - The project includes the construction of two new precast girder bridges, 12 retaining walls, and four new on- and off-ramps controlled by roundabouts [2][3]. - Approximately 216,000 cubic yards of import borrow will be required for roadway expansion, along with upgrades to the drainage system, new pavement markings, roadside signage, and replacement of highway electrical systems [3]. Strategic Growth and Regional Impact - The project is expected to benefit both the traveling public and regional development, aligning with another pavement rehabilitation project in nearby Tulare scheduled for 2025 [4]. - This contract reinforces Granite's leadership in transportation infrastructure and positions the company for continued growth, supported by federal and state funding [5]. CAP and Market Conditions - Granite is focusing on expanding its high-quality committed and awarded projects (CAP) portfolio, which totaled $5.3 billion in 2024, despite a sequential decline of $324 million and a year-over-year decrease of $250 million [6][7]. - Bidding activity remains strong, with expectations for significant project awards in the first half of 2025, indicating potential growth opportunities [7]. Stock Performance - GVA's shares have declined by 15.6% year to date, slightly better than the 16.4% decline in the Zacks Building Products - Heavy Construction industry, with the company optimistic about growth opportunities in public and private markets [9].