Tutor Perini Executes Contract and Receives NTP for San Francisco Central Subway Project
Tutor Perini Corporation (NYSE: 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.
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