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Tutor Perini Awarded $235 Million Contract For Verrazano-Narrows Bridge Upper Level Deck Replacement

Stocks in this article: TPC

Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that its Civil Group has been awarded a $235 million contract by the New York Metropolitan Transportation Authority (MTA) Bridges and Tunnels for the Upper Level Deck Replacement project at the Verrazano-Narrows Bridge in New York.

The Verrazano-Narrows Bridge is a double-decked suspension bridge that connects the boroughs of Staten Island and Brooklyn in New York City. It was the longest suspension bridge in the world at the time of its completion in 1964. Today, it has the ninth longest main span in the world, and is still the longest bridge span in the Americas.

The project involves the replacement of the existing concrete-filled steel grid deck at the upper level with a new steel orthotropic deck. Work is expected to be completed in four main stages and includes the installation of new finger joints, a bridge barrier, bridge drainage system, orthotropic deck waterproofing, Rosphalt asphalt overlay, new sign structures, and upper and lower deck roadway lighting.

“Tutor Perini has a long history of providing bridge and highway construction services in support of the country’s transportation infrastructure. We are pleased to provide our services to rehabilitate the Verrazano-Narrows Bridge, a critical component of New York’s transportation system,” said Jack Frost, Chief Executive Officer of Tutor Perini’s Civil Group.

The project is expected to begin in early 2013 with final completion anticipated by the end of 2017.

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.

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