Tutor Perini Awarded $56.3 Million Amtrak 11th Avenue Concrete Casing Extension Contract

NEW YORK--()--Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that it has recently been awarded a contract by the National Railroad Passenger Corporation (“Amtrak”) to construct the 11th Avenue extension to the concrete casing recently completed by Tutor Perini beneath the Eastern Rail Yard of the Hudson Yards site in New York City. The contract value is approximately $56.3 million and the project has been funded through a U.S. Department of Transportation Sandy Resiliency grant under the 2013 Disaster Relief Act.

The project is the next phase of a concrete casing constructed to preserve the future potential pathway of a new train tunnel under the Hudson River into Penn Station, New York. The 11th Avenue concrete casing extension will measure approximately 105 feet long, 50 feet wide, and 35 feet tall, and will extend underground beneath 11th Avenue between 31st and 33rd Streets. Construction began in January 2015 and substantial completion is expected in late 2015.

The contract value will be included as part of the Company’s reported first-quarter backlog.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting 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.

Contacts

Tutor Perini Corporation
Jorge Casado, 818-362-8391
Vice President, Investor Relations and Corporate Communications
www.tutorperini.com

Contacts

Tutor Perini Corporation
Jorge Casado, 818-362-8391
Vice President, Investor Relations and Corporate Communications
www.tutorperini.com