SYLMAR, Calif. - (Business Wire) Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, announced that CALTRANS of California has informed the Company that it has been awarded a $215 million contract for construction of the fourth bore tunnel at the Caldecott Tunnel section of Highway 24 in Alameda and Contra Costa counties near Oakland, California. CALTRANS awarded the contract to Tutor-Saliba Corporation, a wholly-owned subsidiary of Tutor Perini Corporation.
The tunnel will be approximately 990 meters long and will add two additional lanes of traffic in the westbound direction and is designed to alleviate traffic congestion along the Route 24 corridor. Construction is anticipated to commence in January 2010 and will take approximately three years to complete. The fourth tunnel will parallel the existing third tunnel and will have seven interconnecting personnel passageways to facilitate maintenance and emergency access. Also included will be construction of a new Operations and Maintenance Center (“OMC”) building totaling approximately 6,000 square feet.
About Tutor Perini Corporation (NYSE: TPC)
Tutor Perini Corporation is a leading construction services company offering diversified general contracting, construction management 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.
We offer general contracting, pre-construction planning and comprehensive project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. We also offer self-performed construction services including excavation, concrete forming and placement, steel erection, electrical and mechanical services, plumbing and HVAC. We are known for our major complex building project commitments as well as our capacity to perform large and complex transportation and heavy civil construction for government agencies and private clients throughout the world.
Kekst and Company
Douglas Kiker, 212-521-4800
or
Tutor Perini Corporation
Kenneth R. Burk
Executive Vice President & Chief Financial Officer
818-362-8391
