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Tutor Perini Awarded $107 Million Route 264 Interchange Improvements Project in Virginia

10/17/16

LOS ANGELES--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, announced today that it has been awarded a contract by the Virginia Department of Transportation for the Route 264 Interchange Improvements Project in Norfolk, Virginia. The contract value is approximately $107 million. The project scope of work includes widening the existing I-64/Route 264 Interchange ramp connectors, construction of four new bridges, a creek realignment and installation of related structures.

This project represents the Company’s second highway construction project in the region and is located approximately 10 miles south of the current I-564 Intermodal Connector design-build project, which began construction in 2014.

Construction is underway and substantial completion is anticipated by October 2019. The contract value will be 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.

Source: Tutor Perini Corporation

Tutor Perini Corporation

Jorge Casado, 818-362-8391

Vice President, Investor Relations and Corporate Communications

www.tutorperini.com

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