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CALTRANS Awards Tutor Perini $215 Million Contract to Build Bore Tunnel in Oakland

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Nov 18 2009

Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, announced that CALTRANS of California has informed the Company that it has been awarded a $215 million contract for construction of the fourth bore tunnel at the Caldecott Tunnel section of Highway 24 in Alameda and Contra Costa counties near Oakland, California.

CALTRANS awarded the contract to Tutor-Saliba Corporation, a wholly-owned subsidiary of Tutor Perini Corporation.

The tunnel will be approximately 990 meters long and will add two additional lanes of traffic in the westbound direction and is designed to alleviate traffic congestion along the Route 24 corridor. Construction is anticipated to commence in January 2010 and will take approximately three years to complete. The fourth tunnel will parallel the existing third tunnel and will have seven interconnecting personnel passageways to facilitate maintenance and emergency access. Also included will be construction of a new Operations and Maintenance Center (“OMC”) building totaling approximately 6,000 square feet.

Source: http://www.perini.com/

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