Tutor Perini Corporation TPC, a leading civil and building construction
company, today announced that its joint venture has executed a contract with
the California High-Speed Rail Authority (Authority) for the design and
construction of the initial Madera to Fresno segment of the California
high-speed rail system. The contract is valued at approximately $985 million,
plus an additional $53 million in provisional sums. Tutor Perini is the
managing partner of the joint venture team, which includes Zachry Construction
Corporation of San Antonio, Texas and Parsons Corporation of Pasadena,
California.
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