Tutor Perini - O&G Joint Venture Awarded $1.18 Billion AirTrain Newark Replacement Program - Guideway and Stations Project
November 18 2024 - 1:47PM
Business Wire
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading
civil, building and specialty construction company, announced today
that the Company, in a joint venture with O&G Industries, Inc.
(“O&G”), has been awarded a contract valued at $1.18 billion by
the Port Authority of New York and New Jersey for the AirTrain
Newark Replacement Program - Guideway and Stations Project at
Newark Liberty International Airport in New Jersey. The scope of
work includes design and construction of a 2.5-mile elevated,
automated people mover train system with three stations that will
replace the existing AirTrain, which has been in operation since
1996.
Tutor Perini is the managing partner in the joint venture with
O&G serving as a 25% partner. Parsons Corporation (NYSE: PSN)
will serve as the joint venture’s lead design subcontractor for the
project.
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/20241118475783/en/
Tutor Perini Corporation Jorge Casado, 818-362-8391 Vice
President, Investor Relations and Corporate Communications
www.tutorperini.com
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