Tutor Perini Confirms Award of $410 Million Contract for the Purple Line Extension Section 3 Tunnels Project
LOS ANGELES--(BUSINESS WIRE)--Jul 5, 2018--Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, today announced that the Board of Directors of the Los Angeles County Metropolitan Transportation Authority has approved the award of a $410 million contract to the Frontier-Kemper/Tutor Perini Joint Venture for the Purple Line Extension Section 3 Tunnels Project. 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.
Work is expected to commence in the next 90 days with substantial completion anticipated in the fourth quarter of 2022. The contract value will be included in the Company’s second 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.
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CONTACT: Tutor Perini Corporation
Jorge Casado, 818-362-8391
Vice President, Investor Relations and Corporate Communications
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TRANSPORT PUBLIC TRANSPORT ARCHITECTURE URBAN PLANNING CONSTRUCTION & PROPERTY
SOURCE: Tutor Perini Corporation
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PUB: 07/05/2018 12:20 PM/DISC: 07/05/2018 12:20 PM