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Tutor Perini (TPC) Unit Receives Contract For I-35E Cayuga Bridge Project

 January 04, 2013 10:34 AM

(By Balaseshan) Tutor Perini Corp. (NYSE: TPC), a civil and building construction company, said its Civil Group subsidiary has received a contract worth $116 million for I-35E Cayuga Bridge Project in St. Paul, Minnesota.

Lunda Construction Co., in a joint venture with Shafer Contracting, has been awarded a contract by the Minnesota Department of Transportation for the I-35E Cayuga Bridge Project in St. Paul, Minnesota.

The project includes updating two urban interstate interchanges, adding an additional interchange, and reconstructing a two-mile segment of Interstate I-35E in St. Paul, Minnesota.

The project scope also includes the construction of 11 new bridges, multiple retaining walls, utilities, grading, signing, and pavement along the corridor.

[Related -Insider Weekends – November 25, 2011]

The Cayuga Project is a major transportation infrastructure project in Minnesota Department of Transportation's Metro District which will improve safety and operational concerns along the Interstate I-35E corridor.

The project is expected to begin in January 2013 with final completion anticipated in October 2015.

Tutor Perini offers general contracting, construction management and design-build services to private clients and public agencies worldwide. The company operates in four segments: Civil, Building, Specialty Contractors and Management Services.

TPC is trading up 1.07% at $14.11 on Friday. The stock has been trading between $9.21 and $17.49 for the past 52 weeks.

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