Lunda Construction Awarded $130 Million Highway 41 DePere-Suamico Contract

August 7, 2013

SYLMAR, Calif.--(BUSINESS WIRE)--Aug. 7, 2013-- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that its subsidiary, Lunda Construction Company, has been awarded a contract by the Wisconsin Department of Transportation (WisDOT) to construct the Highway 41 DePere-Suamico Morris Avenue-Memorial Drive and Morris Avenue-Ninth Street Mainline Project nearGreen Bay, Wisconsin. The contract is valued at approximately $130 million.

The project, which is part of WisDOT’s Six Year Highway Improvement Program, will provide expanded traffic capacity through improved interchanges and additional lanes and roundabouts. The scope of work includes the construction of 19 bridges, 22 retaining walls, 7 noise barriers, and 26 sign structures, including related grading, storm sewer, pavement, and traffic signal work. Construction is expected to begin in August 2013with substantial completion expected in mid-2016.

The contract value is expected to be included as part of the Company’s reported third-quarter backlog.