Tutor Perini Announces Contract Execution and Receipt of Notice to Proceed for the $1.66 Billion City Center Guideway and Stations Project in Honolulu
October 08 2024 - 12:08PM
Business Wire
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading
civil, building and specialty construction company, announced today
that it has executed the contract with the Honolulu Authority for
Rapid Transportation and received a Notice to Proceed with design
and construction of the previously announced City Center Guideway
and Stations Project in Honolulu, Hawaii.
The scope of the approximately $1.66 billion contract includes
the design and construction of six rail stations and approximately
three miles of elevated rail guideway beginning just east of the
Middle Street Transit Center Station and ending at the Civic Center
Station, which will be located just east of the intersection of
Halekauwila Street and South Street in downtown Honolulu. Project
design is expected to begin immediately while construction is
estimated to commence in the second half of 2025. Construction of
this segment is expected to be substantially completed in 2030.
Parsons Corporation (NYSE: PSN) will serve as Tutor Perini’s design
subcontractor.
The contract value was 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).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241008219638/en/
Tutor Perini Corporation Jorge Casado, 818-362-8391 Vice
President, Investor Relations and Corporate Communications
www.tutorperini.com
Tutor Perini (NYSE:TPC)
Historical Stock Chart
From Nov 2024 to Dec 2024
Tutor Perini (NYSE:TPC)
Historical Stock Chart
From Dec 2023 to Dec 2024
