Tutor Perini Confirms Award of $432 Million Contract for the Division 20 Portal Widening and Turnback Facility Project

February 27, 2020

LOS ANGELES--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, today announced that the Los Angeles County Metropolitan Transportation Authority has awarded the Company a contract for the $432 million Division 20 Portal Widening and Turnback Facility project. The project scope of work includes a variety of civil improvements, including demolition and/or modification of the existing tunnel portal, installation of new trackwork, a third rail, traction power and train control systems, and construction of new storage areas and a new turnback facility to improve railyard flow and efficiency.

Work is expected to begin in the spring of 2020 with substantial completion anticipated in early 2024. The contract value was included in the Company’s fourth quarter 2019 backlog.