NEW ROCHELLE, N.Y.--(BUSINESS WIRE)--
Tutor Perini Corporation (NYSE: TPC), a leading civil and building
construction company, announced today that it has been awarded two civil
projects. The projects’ details are provided below.
US 301 (1A), SR896 to SR1
Tutor Perini was awarded a contract by the Delaware Department of
Transportation valued at approximately $69.8 million. The scope of work
includes the construction of the initial, northernmost 3.4-mile section
of the four-lane U.S. 301 toll road, including interchanges, ramps and
other structures. Work is expected to commence in January of 2016 and
substantial completion is expected in late 2018. The contract value will
be included in the Company’s reported fourth quarter backlog.
Chuuk International Airport Runway 04/22 Phase II Rehabilitation
The Company’s Guam-based subsidiary, Black Construction, was awarded a
contract by the government of the Federated States of Micronesia valued
at approximately $32.6 million. The project is being funded by the U.S.
Federal Aviation Administration under the Airport Improvement Program.
The scope of work includes the rehabilitation of Runway 04/22, as well
as improvements to apron and taxiway surfaces at the Chuuk International
Airport. Work on this project is expected to commence in January of 2016
and substantial completion is expected by the end of 2017. The contract
value was previously included in the Company’s reported third quarter
backlog.
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.
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Source: Tutor Perini Corporation