Tutor Perini Executes Contract and Receives NTP for San Francisco Central Subway Project

Before you go, we thought you'd like these...
Before you go close icon

Tutor Perini Executes Contract and Receives NTP for San Francisco Central Subway Project

SYLMAR, Calif.--(BUSINESS WIRE)-- Tutor Perini Corporation (NYS: TPC) , a leading civil and building construction company, today announced that it has executed a contract with the San Francisco Municipal Transportation Agency (SFMTA) valued at approximately $840 million for the Third Street Light Rail Program Phase 2 - Central Subway Stations, Surface, Track and Systems. The SFMTA has also issued its notice to proceed and the Company has begun its initial work on the project.

The scope of work for the project includes construction of three underground subway stations located at Union Square/Market Street, Chinatown, and Yerba Buena Gardens/Moscone Center, a platform station at 4th and Brannan Streets, and trackwork and systems from the 4th and Brannan Station to the Chinatown Station. Substantial completion is expected in the second quarter of 2018.


The project is being managed by Tutor Perini's Civil Group, with several of the Company's civil and specialty subsidiaries contributing significantly to the project, including Frontier-Kemper Constructors, Becho, Desert Mechanical, Fisk Electric, and Superior Gunite.

The contract value will be included as part of the Company's reported second quarter backlog.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building 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.



Tutor Perini Corporation
Jorge Casado, 818-362-8391
Director, Investor Relations
www.tutorperini.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Tutor Perini Executes Contract and Receives NTP for San Francisco Central Subway Project originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners