Market Overview

Tutor Perini Awarded $60M Maintenance Building Contract


Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that it is being awarded a contract by Related Companies valued at approximately $60 million for construction of a replacement Maintenance of Equipment (MOE) building at the Hudson Yards site in New York, in connection with the Company's previously announced Amtrak Tunnel project.

As part of the work under the Amtrak Tunnel project, the previous MOE building at the site required demolition. Under this contract, the Company will construct a new 62,000 square-foot MOE building, which will be used to service and maintain train rail cars and other railroad equipment. Construction is expected to begin in the third quarter of 2014 and be substantially completed in the fourth quarter of 2015.

The Company expects to book the contract value into backlog in the first quarter of 2014.

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.

Posted-In: News Contracts


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