PCR Perini Cp

Perini Corporation (NYSE:PCR) is pleased to announce today that John A. Loftus, P.E., has been appointed to the position of President of Perini Civil Division, headquartered in Peekskill, NY. Mr. Loftus is currently the President and CEO of Cherry Hill Construction, Inc. of Jessup, MD, a wholly-owned subsidiary of Perini Corporation. Mr. Loftus has been a Senior Vice President with Perini since 1997 and has managed major construction projects for Perini and Perini-sponsored joint ventures since 1994, including contracts on the Central Artery/Third Harbor Tunnel in Boston (also known as the �Big Dig�) and the reconstruction of the South Roadways of the Williamsburg Bridge in New York City. Prior to joining Perini, Mr. Loftus provided construction management services and managed civil construction projects in the United States for Kiewit Construction Company, Grow Tunneling Corporation and other major civil and marine contractors since 1971. He received a Bachelor Degree in Civil Engineering from Villanova University in 1971. Mr. Loftus is a Licensed Professional Engineer in Delaware, Maryland, New Jersey, Pennsylvania, and Virginia. Mr. Loftus replaces Mr. Zohrab B. Marashlian, who will retire effective March 31, 2007 after 35 years of dedicated service and leadership of Perini Corporation�s Civil construction operations. Perini Civil is responsible for major public works construction and the repair, replacement and reconstruction of infrastructure projects in the New York and New Jersey metropolitan areas. Cherry Hill Construction is focused on civil works projects in the Metropolitan Baltimore/Washington, D.C market with operations throughout the Mid-Atlantic States and Florida. In addition to his new responsibilities, Mr. Loftus will continue to have oversight responsibility for Cherry Hill Construction.