Question-and-Answer Session
[Operator Instructions]. Your first question comes from Jack Kasprzak with BB&T Capital Markets.
John Kasprzak - BB&T Capital Markets
Thanks. Good morning everyone.
William G. Dorey - President and Chief Executive Officer
Good morning, Jack.
John Kasprzak - BB&T Capital Markets
Congratulations on the quarter. I did want to ask the... with regard to Granite East and the SR-22 recovery, can you quantify that for us, Bill?
William G. Dorey - President and Chief Executive Officer
Well, here is what I am telling you. I would direct you to our Q, which will be filed this afternoon. The total amount of the settlement was $39.3 million. That’s what the joint venture received from the OCTA. And as we suggested, it was a negotiated settlement that I think was in the best interest of all parties. This, of course, is complicated by the fact that we have subcontractors that were in line to participate in part of this settlement. We have partners in this equation as well. So, I’d kind of like to leave it at that, and once again emphasize that this is a normal part of our business, Jack. We have suffered through the booking of a lot of other costs over the last several years and this is an opportunity to recover some of that.
John Kasprzak - BB&T Capital Markets
Indeed. Indeed. Can you remind us your Granite share of that project? What was your...
William G. Dorey - President and Chief Executive Officer
55%.
John Kasprzak - BB&T Capital Markets
I am sorry, 55?
William G. Dorey - President and Chief Executive Officer
Yes.
John Kasprzak - BB&T Capital Markets
55%. Okay. I was going to ask you about the Oregon project. Can you give us an update there as far as the progress that you might be making on that project?
James H. Roberts - Senior Vice President and Granite West Manager
Jack, this is Jim Roberts. I’ll be happy to answer that. We continue to negotiate with ODOT. We believe that we are making progress. We do not have any executed agreements yet. We are talking to the team up there in Oregon, and we believe hopefully the next month or so, we could very well have an executed agreement. And we... the two of us are working diligently to get there, ODOT and Granite, to try to get that agreement executed and begin work this year, but we are not there yet.
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