Hudson Yards - Multiple Projects - New York, NY - Total $2.3 Billion

Tutor Perini Receives Notice of Intent to Award a $410 Million Contract for the Purple Line Extension Section 3 Tunnels Project


LOS ANGELES--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, today announced that the Frontier-Kemper/Tutor Perini Joint Venture has received a notice of intent to award a contract from the Los Angeles County Metropolitan Transportation Authority for the Purple Line Extension Section 3 Tunnels Project. The contract value is anticipated to be approximately $410 million. The project involves the design and construction of twin bored tunnels for future Purple Line subway service spanning approximately 2.6 miles between Century City and the VA Hospital in Westwood. The subway extension will provide a high-capacity, high-speed, dependable transit alternative for those traveling to and from Los Angeles’ Westside.

Tutor Perini (the Company) is currently working on the Purple Line Extension Section 2 Project, which includes tunneling and construction of new stations in Beverly Hills and Century City. The Company has an impressive resume of successfully completed subway and other regional transportation projects, having constructed major portions of Los Angeles’ Red Line subway and San Francisco’s Bay Area Rapid Transit (BART) system. The Company is also currently performing substantial work on San Francisco’s Central Subway extension to Chinatown; California’s High-Speed Rail system, which will eventually connect San Francisco and Los Angeles; New York’s East Side Access project; and Washington State’s Alaskan Way Viaduct Replacement project.

Contract award for the Purple Line Section 3 Tunnels Project is expected in the next 30 to 60 days, with notice to proceed anticipated soon thereafter. Substantial completion is anticipated in the summer of 2022.

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.

Source: Tutor Perini Corporation

Tutor Perini Corporation

Jorge Casado, 818-362-8391

Vice President, Investor Relations and Corporate Communications

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