LOS ANGELES--(BUSINESS WIRE)--
Tutor Perini Corporation (NYSE: TPC), a leading civil, building and
specialty construction company, today announced three recent low bids
for new civil projects totaling approximately $1 billion. The Company’s
wholly owned subsidiary, Lunda Construction, is the managing partner in
a joint venture that was the low bidder for the Southwest Light Rail
Transit project in Minneapolis with a bid of approximately $800 million.
This major regional transportation project 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
15 new stations. Another wholly owned subsidiary, Frontier-Kemper
Constructors, was the low bidder for an approximately $109 million
tunneling project in Los Angeles for the Los Angeles Department of Water
and Power. Finally, Tutor Perini was the low bidder for the
Rehabilitation of the Broadway Bridge over the Harlem River in New York
City with a bid of approximately $93 million.
All of these projects are expected to be awarded within 60 days and
should commence immediately thereafter.
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.
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Source: Tutor Perini Corporation