Tutor Perini Announces Three Low Bids for Civil Projects Totaling $1 Billion

LOS ANGELES--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, today announced three recent low bids for new civil projects totaling approximately $1 billion. The Company’s wholly owned subsidiary, Lunda Construction, is the managing partner in a joint venture that was the low bidder for the Southwest Light Rail Transit project in Minneapolis with a bid of approximately $800 million. This major regional transportation project consists of a 14.5-mile extension of the METRO Green Line and involves construction of new light rail infrastructure, including 44 bridges, two cut-and-cover tunnels and 15 new stations. Another wholly owned subsidiary, Frontier-Kemper Constructors, was the low bidder for an approximately $109 million tunneling project in Los Angeles for the Los Angeles Department of Water and Power. Finally, Tutor Perini was the low bidder for the Rehabilitation of the Broadway Bridge over the Harlem River in New York City with a bid of approximately $93 million.

All of these projects are expected to be awarded within 60 days and should commence immediately thereafter.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil, building and specialty 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180507005948/en/

Tutor Perini Corporation
Jorge Casado, 818-362-8391
Vice President, Investor Relations & Corporate Communications
www.tutorperini.com

Source: Tutor Perini Corporation

You May Also Be Interested In

• Sun Life announces interest rate reset on Limited Recourse Capital Notes Series
• Contango Enhances Economics with Strategic Settlement of the Lucky Shot Milestone Payments and Receives $9 Million Cash Distribution from Peak Gold JV
• Nelnet Bank Steps Up for Graduate Students Facing New Borrowing Challenges