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Tutor Perini Announces Four Civil Projects Valued at $774 Million

05/02/2017

LOS ANGELES--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced four new civil projects collectively valued at approximately $774 million. Details regarding each of these projects is provided below. The contract values are anticipated to be included in the Company’s reported second quarter 2017 backlog.

I-74 Steel Twin Arch Bridge Replacement Project, Iowa-Illinois / Expected Contract Value: $322.7 million
Tutor Perini’s subsidiary, Lunda Construction (Lunda), is the apparent low bidder on a contract for the Iowa Department of Transportation to build new twin bridges that will replace the existing twin steel girder bridges between Bettendorf, Iowa and Moline, Illinois. Lunda’s scope of work includes the construction of two bridges, each measuring 3,396 feet in length, including two 795-foot basket handle arches over the navigational channel of the Mississippi River. Construction on the new bridges is expected to begin in the summer of 2017, with substantial completion expected in the fourth quarter of 2020.

CQ33 – Mid-Day Storage Yard for the East Side Access Project, New York / Contract Value: $291.5 million
Tutor Perini was awarded a contract by the New York Metropolitan Transportation Authority for the Mid-Day Storage Yard portion of the East Side Access Project. The Mid-Day Storage Yard Facility encompasses approximately 33 acres and spans 1.5 miles from west to east within the Harold Interlocking in Queens, New York. The project scope of work includes demolition and removal of existing structures, railroad buildings and the Montauk Cutoff Bridge and ramp, and the construction of the Mid-Day Storage Yard, including excavation and grading of the yard, construction of retaining walls, duct banks, signal troughs and various structures, utilities, track work, pedestrian bridge and electrical substations. The work also includes installation and testing of the yard’s systems. Construction is expected to begin in the spring of 2017, with substantial completion expected in the third quarter of 2020.

Henry Hudson Bridge Design-Build Services, New York / Expected Contract Value: $82.2 million
Tutor Perini is the selected proposer on a contract for the New York Metropolitan Transportation Authority to provide Design-Build Services for the Henry Hudson Bridge in New York City. The project scope of work includes the installation of an alternate load path structural system utilizing high-capacity deep foundations, replacement of north and south viaduct concrete piers, replacement of north abutment pilaster concrete, bearing replacement, bridge drainage, site work and the installation and maintenance of a structural health monitoring system for the bridge. Work is expected to begin in the spring of 2017, with substantial completion anticipated in the summer of 2020.

MD 4 at Suitland Parkway Interchange Improvements Project, Maryland / Contract Value: $77.9 million
Tutor Perini was awarded a contract by the Maryland Department of Transportation for the MD 4 at Suitland Parkway Interchange Improvements Project in Prince George’s County, Maryland. The project scope of work includes converting an at-grade intersection into a grade-separated interchange with Suitland Parkway bridging over State Highway MD 4. The project also includes the realignment and signalization of other local roads and the reconstruction of ramps to Joint Base Andrews. Construction is expected to begin in the spring of 2017, with substantial completion anticipated in the third quarter of 2020.

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