MINNEAPOLIS--(BUSINESS WIRE)--
Tutor Perini Corporation (NYSE: TPC), a leading civil, building and
specialty construction company, today announced that a joint venture
(JV) between its wholly owned subsidiary, Lunda Construction, and C.S.
McCrossan has been awarded a contract valued at approximately $799.5
million by the Metropolitan Council for the Southwest Light Rail Transit
project in Minneapolis. This major regional transportation project, the
largest public infrastructure project in Minnesota’s history, consists
of a 14.5-mile extension of the METRO Green Line and involves
construction of new light rail infrastructure, including 44 bridges, two
cut-and-cover tunnels and 16 new light rail stations.
“We are excited to be working with the Metropolitan Council on this
significant project, which will bring substantial enduring benefits to
the region’s economy,” commented Dennis Behnke, President and CEO of
Lunda Construction.
Work is expected to commence in December 2018 with major construction
ramping up in the spring of 2019. When the project was originally bid in
May 2018, the contract duration was 42 months. The Lunda/McCrossan JV is
currently discussing the construction schedule with the Metropolitan
Council to determine a substantial completion date, based on the impacts
that a later-than-anticipated contract award might have on various
portions of the project. The contract value will be included in the
Company’s fourth quarter 2018 backlog.
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil, building and specialty
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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20181119005155/en/
Tutor Perini Corporation
Jorge Casado, 818-362-8391
Vice
President, Investor Relations & Corporate Communications
www.tutorperini.com
Source: Tutor Perini Corporation