SYLMAR, Calif.--(BUSINESS WIRE)--
Tutor Perini Corporation (NYSE: TPC), a leading civil and building
construction company, today announced that the Tutor Perini-lead joint
venture with partners Kiewit Corp. and Jay Cashman, Inc. has reached an
$88.7 million settlement with the Commonwealth of Massachusetts on the
Central Artery/Tunnel (C11) Project. As this litigation has ensued for
15 years, the Company is pleased to finally have both the judgment and
an agreement to pay in place. Payment is expected before the end of the
year.
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