Trump Administration Releases Gateway Tunnel Funds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 18 2026
0mins
Source: CNBC
- Funding Release: The Trump administration released $98 million previously withheld for the Gateway Tunnel construction and an additional $30 million in reimbursements, significantly enhancing passenger rail capacity into Manhattan.
- Project Resumption: The funding freeze had triggered a work stoppage threatening nearly 1,000 jobs, but contractors are now instructed to prepare for construction resumption next week, ensuring the project stays on track.
- Legal Obligation: Governor Hochul emphasized that the federal government has a legal obligation to fully fund the Gateway project, highlighting the importance of continuous funding support to prevent future disruptions for workers and commuters.
- Infrastructure Significance: The Gateway project is one of the most critical infrastructure initiatives in the U.S., with the existing North River Tunnel carrying 200,000 passengers daily and in urgent need of repairs to meet growing transportation demands.
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Analyst Views on GVA
Wall Street analysts forecast GVA stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 118.140
Low
108.08
Averages
119.04
High
130.00
Current: 118.140
Low
108.08
Averages
119.04
High
130.00
About GVA
Granite Construction Incorporated is a diversified construction and construction materials company in the United States as well as a full-suite civil construction provider. The Company's segments include Construction and Materials. The Construction segment is focused on construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure and site development for use by the general public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities and energy companies. It also provides construction of various complex projects including infrastructure/site development, mining, public safety, tunnel, solar, battery storage and other power-related projects. The Materials segment is focused on production of aggregates, asphalt concrete, liquid asphalt and recycled materials production for internal use in its construction projects and for sale to third parties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Recent Shareholding Reduction: Tarkin has reduced his shareholding in Granite Construction by 7,314 shares since March 19, 2026, with a total value of around $876.51K.
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- Significant Political Impact: Musk's controversial political involvement, including spending around $300 million to support Trump's 2024 campaign, has exacerbated public disdain for the tunnel project, particularly when his name is mentioned.
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- Infrastructure Improvements: The project entails 27 miles of tactical infrastructure enhancements near Laredo, Texas, including significant mass excavation, grading, road construction, fencing, and cattle guards, showcasing Granite's robust capabilities in complex infrastructure projects.
- Multiple Engineering Tasks: Granite will construct seven bridges, eight major culvert crossings, 68 paved concrete low water crossings, and install approximately 27 miles of electrical, lighting, cameras, and fiber optics, further enhancing its competitiveness in federal infrastructure projects.
- Project Timeline: Work on the project is expected to commence in April 2026 and conclude in July 2027, demonstrating Granite's commitment to meeting client needs and its dedication to federal infrastructure development.
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See More
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- New Position Disclosure: Candelo Capital Management initiated a position in Granite Construction by acquiring 49,088 shares valued at $5.66 million during Q4 2026, indicating confidence in the company's growth potential.
- Portfolio Optimization: Granite Construction now represents 5.05% of Candelo's AUM, placing it among the fund's top five holdings, which underscores its significance and potential for future appreciation.
- Strong Performance: In 2025, Granite Construction reported approximately $4.4 billion in revenue, a 10% year-over-year increase, with net income soaring to about $193 million, reflecting over 60% growth, showcasing robust demand in the infrastructure sector.
- Future Growth Potential: The company ended the year with nearly $7 billion in committed and awarded projects, a record pipeline that is expected to drive revenue expansion as public infrastructure spending remains strong.
See More
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Stock Sale Announcement: Officer Kyle Tarkin intends to sell 38,675 shares of Granite Construction (GVA.US) on March 27, with a total market value of approximately $4.6 million.
Recent Shareholding Reduction: Tarkin has reduced his shareholding in Granite Construction by 7,314 shares since March 19, 2026, with a total value of around $876.51K.
See More
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- Contract Value: Granite has been awarded the LRT-4 Webb-Zapata project by U.S. Customs and Border Protection, valued at approximately $495 million, marking a significant advancement in the company's portfolio of large-scale infrastructure projects, which is expected to substantially enhance its revenue and market position.
- Infrastructure Improvements: The project encompasses 27 miles of infrastructure enhancements near Laredo, Texas, including excavation, grading, roads, fencing, seven bridges, eight culvert crossings, and 68 low water crossings, which will comprehensively improve transportation and safety in the region.
- Technological Installations: Additionally, the project will install electrical systems, lighting, cameras, and fiber optics, further modernizing and securing the infrastructure, ensuring sustainable operations in the future.
- Construction Timeline: Work is set to begin in April 2026 and finish by July 2027, with the project's implementation providing Granite with a stable revenue stream and laying the groundwork for future growth.
See More
Nashville Tunnel Project Faces Resident Opposition
- Rising Resident Opposition: A recent Vanderbilt University survey reveals that 51% of Nashville residents disapprove of Elon Musk's tunnel project, a significant increase from 35%, indicating that public support is heavily influenced by partisanship.
- Significant Political Impact: Musk's controversial political involvement, including spending around $300 million to support Trump's 2024 campaign, has exacerbated public disdain for the tunnel project, particularly when his name is mentioned.
- Local Government Opposition: Metro Nashville Council members voted this month to formally oppose the Music City Loop project, despite state approval for Musk's company to dig under city highways, highlighting tensions between local and state authorities.
- Regulatory Power Controversy: Tennessee is considering a bill that could grant the state regulatory power over underground transit systems, potentially leaving Nashville with limited options to address safety and environmental concerns, raising alarms among local officials and residents.
See More
Granite Awarded $495M LRT-4 Webb-Zapata Project
- Large Project Scope: Granite has been awarded the LRT-4 Webb-Zapata project by Customs and Border Protection, valued at approximately $495 million, which will be included in the company's capital expenditures for Q1 2026, marking a significant growth in federal projects.
- Infrastructure Improvements: The project entails 27 miles of tactical infrastructure enhancements near Laredo, Texas, including significant mass excavation, grading, road construction, fencing, and cattle guards, showcasing Granite's robust capabilities in complex infrastructure projects.
- Multiple Engineering Tasks: Granite will construct seven bridges, eight major culvert crossings, 68 paved concrete low water crossings, and install approximately 27 miles of electrical, lighting, cameras, and fiber optics, further enhancing its competitiveness in federal infrastructure projects.
- Project Timeline: Work on the project is expected to commence in April 2026 and conclude in July 2027, demonstrating Granite's commitment to meeting client needs and its dedication to federal infrastructure development.
See More
Candelo Capital Management Acquires Stake in Granite Construction
- New Investment Position: On February 17, 2026, Candelo Capital Management acquired 49,088 shares of Granite Construction for approximately $5.66 million, reflecting confidence in the company's future growth, particularly as public infrastructure spending remains robust.
- Significant Stake: This acquisition brings Candelo's stake in Granite Construction to 5.05%, representing 5.1% of its 13F reportable assets under management, indicating a strategic positioning in the infrastructure sector.
- Strong Performance: Granite Construction reported revenue of approximately $4.4 billion in 2025, a 10% year-over-year increase, with net income soaring to about $193 million, up over 60%, highlighting significant improvements in project execution and margins.
- Future Growth Potential: The company ended the year with nearly $7 billion in committed and awarded projects, a record pipeline that is expected to support continued revenue expansion, further attracting investor interest.
See More
Candelo Capital Management Acquires Stake in Granite Construction
- New Position Disclosure: Candelo Capital Management initiated a position in Granite Construction by acquiring 49,088 shares valued at $5.66 million during Q4 2026, indicating confidence in the company's growth potential.
- Portfolio Optimization: Granite Construction now represents 5.05% of Candelo's AUM, placing it among the fund's top five holdings, which underscores its significance and potential for future appreciation.
- Strong Performance: In 2025, Granite Construction reported approximately $4.4 billion in revenue, a 10% year-over-year increase, with net income soaring to about $193 million, reflecting over 60% growth, showcasing robust demand in the infrastructure sector.
- Future Growth Potential: The company ended the year with nearly $7 billion in committed and awarded projects, a record pipeline that is expected to drive revenue expansion as public infrastructure spending remains strong.
See More
