Published: November 17, 2009
Tutor Perini Awarded $215 Million Caldecott Tunnel Project
SYLMAR, Calif. - (BUSINESS WIRE) - Tutor Perini Corporation (NYSE: TPC), a leading civil and building
construction company, announced that CALTRANS of California has informed
the Company that it has been awarded a $215 million contract for
construction of the fourth bore tunnel at the Caldecott Tunnel section
of Highway 24 in Alameda and Contra Costa counties near Oakland,
California.
CALTRANS awarded the contract to Tutor-Saliba Corporation, a
wholly-owned subsidiary of Tutor Perini Corporation.
The tunnel will be approximately 990 meters long and will add two
additional lanes of traffic in the westbound direction and is designed
to alleviate traffic congestion along the Route 24 corridor.
Construction is anticipated to commence in January 2010 and will take
approximately three years to complete. The fourth tunnel will parallel
the existing third tunnel and will have seven interconnecting personnel
passageways to facilitate maintenance and emergency access. Also
included will be construction of a new Operations and Maintenance Center
("OMC" ) building totaling approximately 6,000 square feet.
About Tutor Perini Corporation (NYSE: TPC)
Tutor Perini Corporation is a leading construction services company
offering diversified general contracting, construction management and
design/build services to private clients and public agencies throughout
the world. We have provided construction services since 1894 and have
established a strong reputation within our markets by executing large
complex projects on time and within budget while adhering to strict
quality control measures.
We offer general contracting, pre-construction planning and
comprehensive project management services, including the planning and
scheduling of the manpower, equipment, materials and subcontractors
required for a project. We also offer self-performed construction
services including excavation, concrete forming and placement, steel
erection, electrical and mechanical services, plumbing and HVAC. We are
known for our major complex building project commitments as well as our
capacity to perform large and complex transportation and heavy civil
construction for government agencies and private clients throughout the
world.
Kekst and Company
Douglas Kiker, 212-521-4800
or
Tutor
Perini Corporation
Kenneth R. Burk
Executive Vice President &
Chief Financial Officer
818-362-8391
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