Tutor Perini Awarded $1.66 Billion City Center Guideway and Stations Project in Honolulu
August 15 2024 - 7:20PM
Business Wire
Tutor Perini Corporation (NYSE: TPC) (the
“Company”), a leading civil, building and specialty construction
company, announced today that it has been awarded a contract valued
at approximately $1.66 billion by the Honolulu Authority for Rapid
Transportation (HART) for the City Center Guideway and Stations
Project in Honolulu, Hawaii. The contract is expected to be
executed in mid-September. The project scope of work includes the
design and construction of six rail stations and approximately
three miles of elevated rail guideway beginning just east of the
existing Middle Street Transit Center Station and ending at the
Civic Center Station, which will be located just east of downtown
Honolulu. Project design will begin immediately after contract
execution, while construction is estimated to start in the second
half of 2025 with substantial completion expected in 2030. Parsons
Corporation (NYSE: PSN) will serve as Tutor Perini’s design
subcontractor.
“We are proud and honored to be a part of this
transformational project in Honolulu,” said Ronald Tutor, Chairman
and Chief Executive Officer. “Tutor Perini has a long and
successful history of building large, complex light rail projects
in various cities in the United States, and we look forward to
partnering with HART to see this project successfully
delivered.”
The contract value will be added to the
Company’s backlog in the third quarter of 2024.
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 customers
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 planning
and scheduling of manpower, equipment, materials and subcontractors
required for a project. We also offer self-performed construction
services including site work, concrete forming and placement, steel
erection, electrical, mechanical, plumbing and heating, ventilation
and air conditioning (HVAC).
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version on businesswire.com: https://www.businesswire.com/news/home/20240815664122/en/
Tutor Perini Corporation Jorge Casado, 818-362-8391 Vice
President, Investor Relations and Corporate Communications
www.tutorperini.com
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