Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that the Company was been awarded a contract valued at approximately $253 million by MTA New York City Transit (NYCT) for the Culver Line Communications-Based Train Control (CBTC) Project. The project scope of work consists of the complete CBTC signal system overlay on NYCTs Culver Line between West 8th Street and Church Avenue in the borough of Brooklyn, New York, including signal system modernization for the Avenue X and Ditmas Avenue interlockings, trackwork and construction of three relay room buildings. The Companys electrical subsidiary, Five Star Electric, will perform a significant portion of the work on this project under a subcontract.
Work is expected to commence in the first quarter of 2019 with substantial completion anticipated in mid-2022. The contract value will be included in the Companys first quarter 2019 backlog.
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil, building and specialty 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.
Tutor Perini Corporation
Jorge Casado, 818-362-8391
President, Investor Relations and Corporate Communications
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