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Tutor Perini Corporation Announces Notice to Proceed on SR99 Bored Tunnel Project Final Design and Construction


SYLMAR, Calif., Sep 09, 2011 (BUSINESS WIRE) -- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that the SR99 Bored Tunnel Project to replace the Alaskan Way Viaduct has received approval to begin final design and construction.

The Federal Highway Administration signed a record of decision allowing the Washington State Department of Transportation to begin final design and construction of the State Route 99 tunnel beneath downtown Seattle. The tunnel will replace the double-deck Alaskan Way Viaduct along Seattle's waterfront and will involve the construction of approximately 12,500 linear feet of new roadway.

Seattle Tunnel Partners, a joint venture between Dragados USA and Tutor Perini, can now begin work on the second phase of the $1.4 billion contract. Final completion and traffic through the tunnel is scheduled for December, 2015.

Jack Frost, Executive Vice President and CEO of the Tutor Perini Civil Group, said: "We are excited to begin construction operations on this iconic project, which will reduce congestion and improve transportation safety in the city of Seattle."

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:

SOURCE: Tutor Perini Corporation

Kekst and Company
Douglas Kiker, 212-521-4800
Tutor Perini Corporation
Ken Burk, 818-362-8391
Executive Vice President & Chief Financial Officer

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