Published: July 29, 2011
Tutor Perini Corporation Announces Bid Results and New Contracts Totaling $395 Million
SYLMAR, Calif. - (BUSINESS WIRE) - Tutor Perini Corporation (NYSE: TPC) a leading civil and building
construction company, today announced that it has received the following
new contracts totaling $395 million.
SR1/I-95 Interchange
Tutor Perini, working with its subsidiary Cherry Hill Construction, has
been awarded by the Delaware Department of Transportation an $86 million
contract for improvements to the SR1/I-95 Interchange in New Castle
County, Del.
This project consists of the construction of a new, multiple-lane
interchange that is aimed at reducing traffic congestion at the SR-1/
I-95 interchange. The construction of eight bridges will be part of this
project.
Physical construction operations are scheduled to begin in September
2011 and be completed in September 2013.
Philadelphia Family Court
Tutor Perini, working with its subsidiary Keating Building Company, has
been awarded by the Pennsylvania Department of General Services a $76
million contract for the construction of Philadelphia Family Court of
the First Judicial District of Pennsylvania.
The courthouse will be constructed in downtown Philadelphia and will
consist of fourteen floors occupied above grade, three subterranean
parking levels, and one penthouse level. The project, which has a total
above grade area of approximately 509,000 square feet, is targeted to
achieve LEED Silver certification upon completion.
Physical construction operations began in May 2011 and be completed in
February 2014.
I-95/I-695 Interchange
Tutor Perini, working with its subsidiary Cherry Hill Construction, has
been awarded by the Maryland Transportation Authority the I-95/I-695
Interchange Contract 2 for $54 million in Baltimore, Md.
The project consists of constructing new managed electronic toll lanes
from north of the Hazelwood Avenue overpass through the I-695 to south
of the King Avenue overpass. Included in this project is the
construction of two new bridges and advanced pier foundations for future
ramps.
Physical construction operations are scheduled to begin on August 15,
2011 and be completed by mid-August 2013.
STH 21 Interchange
Tutor Perini, working with its subsidiary Lunda Construction, has been
awarded by the Wisconsin Department of Transportation the STH 21
Interchange contract for $54 million near Oshkosh, Wisconsin.
The project consists of constructing nine bridges, four retaining walls,
grading and pavement. Included in this project is the construction of
twin six span structures to carry USH 41 over Lake Butte des Morts.
Physical construction operations are scheduled to begin in August 2011
and be completed by July 2013.
Arbor Residence Hall at Mississippi State University
Tutor Perini, working with its subsidiary Anderson Companies, has been
awarded by Mississippi State University a $40 million contract for the
construction of Arbor Residence Hall.
The project consists of constructing two, four-story residence halls
that will house approximately 760 students.
Physical construction operations are scheduled to begin in July 2011 and
be completed by July 2012.
Additional Projects
In addition to the contracts noted above, the Company has recently been
awarded a highway project in New York and two building projects in
California and Mississippi totaling $85 million.
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil and building construction
company offering diversified general contracting 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.
Tutor Perini Corporation website: www.tutorperini.com
Kekst and Company
Douglas Kiker, 212-521-4800
or
Tutor
Perini Corporation
Ken Burk, 818-362-8391
Executive Vice
President & Chief Financial Officer
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