(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.
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.