Tutor Perini Unit Wins $116M Contract for I-35E Cayuga Bridge Project
Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that its Civil Group subsidiary, Lunda Construction Company, in a joint venture with Shafer Contracting, has been awarded a $116 million contract by the Minnesota Department of Transportation for the I-35E Cayuga Bridge Project in St. Paul, Minnesota.
The project includes updating two urban interstate interchanges, adding an additional interchange, and reconstructing a two-mile segment of Interstate I-35E in St. Paul, Minnesota. The project scope also includes the construction of 11 new bridges, multiple retaining walls, utilities, grading, signing, and pavement along the corridor. The Cayuga Project is a major transportation infrastructure project in MnDOT's Metro District which will improve safety and operational concerns along the Interstate I-35E corridor.
The project is expected to begin in January 2013 with final completion anticipated in October 2015.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.