Perini Building Company Awarded $1.2 Billion Construction Contract to Build Terminal 3 at McCarran International Airport Las Veg
July 16 2008 - 5:43PM
Business Wire
Perini Building Company, Inc., a wholly-owned subsidiary of Perini
Corporation (NYSE: PCR), said today it has been awarded a $1.2
billion construction contract to build Terminal 3 at McCarran
International Airport, Las Vegas, NV. The project, which is
expected to commence in August 2008, includes a new terminal
building with an elevated roadway structure fronting the facility,
over roadway pedestrian bridges, underground automated transit
system infrastructure, and an aircraft ramp. The steel-framed
terminal is approximately 1.9 million square feet and will have a
basement, three upper levels and roof-level penthouses. The
building will include a baggage handling system for outbound and
inbound processing and an in-line explosives detection system (EDS)
for baggage screening. The building�s infrastructure is designed
with extensive cabling for software interfaces. Other features
planned are dynamic and static signage, way finding systems and
Voice-over-Internet protocol (VoIP). The elevated roadway will
extend the length of the terminal�approximately 90 feet wide and
2,000 feet long. Construction of the elevated roadway will include
a concrete box girder with cast concrete columns. The contract also
includes pedestrian bridges leading to parking. The construction
timeline to complete the entire project is estimated at three and
one-half years. Other projects Perini has built at McCarran
International Airport Las Vegas, NV include Terminal D, Charter
International Terminal, Central Terminal, Central heating and
cooling plant, Host Marriott Services, and MGM Grand, Inc.,
check-in counters. About Perini Corporation Perini Corporation is a
leading construction services company offering diversified general
contracting, construction management 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. We offer general contracting, pre-construction
planning and comprehensive project management services, including
the planning and scheduling of the manpower, equipment, materials
and subcontractors required for a project. We also offer
self-performed construction services including sitework, concrete
forming and placement and steel erection. We are known for our
hospitality and gaming industry projects, sports and entertainment,
educational, transportation, healthcare, biotech, pharmaceutical
and high-tech facilities, as well as large and complex civil
construction projects and construction management services to U.S.
military and government agencies. The statements contained in this
Release that are not purely historical are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934,
including without limitation, statements regarding the Company�s
expectations, hopes, beliefs, intentions or strategies regarding
the future. These forward-looking statements are based on the
Company�s current expectations and beliefs concerning future
developments and their potential effects on the Company. There can
be no assurance that future developments affecting the Company will
be those anticipated by the Company. These forward-looking
statements involve a number of risks, uncertainties (some of which
are beyond the control of the Company) or other assumptions that
may cause actual results or performance to be materially different
from those expressed or implied by such forward-looking statements.
These risks and uncertainties include, but are not limited to, the
Company's ability to successfully and timely complete construction
projects; the Company�s ability to convert backlog into revenue;
the potential delay, suspension, termination, or reduction in scope
of a construction project; the continuing validity of the
underlying assumptions and estimates of total forecasted project
revenues, costs and profits and project schedules; the outcomes of
pending or future litigation, arbitration or other dispute
resolution proceedings; the availability of borrowed funds on terms
acceptable to the Company; the ability to retain certain members of
management; the ability to obtain surety bonds to secure its
performance under certain construction contracts; possible labor
disputes or work stoppages within the construction industry;
changes in federal and state appropriations for infrastructure
projects; possible changes or developments in worldwide or domestic
political, social, economic, business, industry, market and
regulatory conditions or circumstances; and actions taken or not
taken by third parties, including the Company�s customers,
suppliers, business partners, and competitors and legislative,
regulatory, judicial and other governmental authorities and
officials. The Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as may be
required under applicable securities laws.
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