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Cherry Hill Construction Awarded $92 Million I-564 Intermodal Connector Design-Build Contract


NEW YORK--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that its subsidiary, Cherry Hill Construction, has recently been awarded a design-build contract by the Federal Highway Administration Eastern Federal Lands Highway Division (EFLHD) for the I-564 Intermodal Connector project in Norfolk, Virginia. The contract value is approximately $92.5 million.

The project scope of work consists of the design and construction of 2.8 miles of a new four-lane limited access highway, a reconfigured commercial vehicle inspection station for Naval Station Norfolk, a new I-564 interchange, bridge and local connectors, stormwater management areas, and other associated infrastructure. This will be the 5th design-build project performed by Cherry Hill Construction for the EFLHD including the recently completed $111.5 million Fairfax County Parkway Phases I, II, and IV Project, which won a 2013 National DBIA Merit Award for Transportation.

Notice to Proceed is expected to be issued next month with substantial completion scheduled to be achieved in the fourth quarter of 2016. The contract value will be included as part of the Company’s reported first-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

Director, Investor Relations

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