Tutor Perini Announces Pending Award for St. Croix Crossing Bridge Superstructure

November 4, 2013

SYLMAR, CA--(BUSINESS WIRE)--Nov. 4, 2013--Tutor Perini Corporation(NYSE: TPC), a leading civil and building construction company, today announced that the joint venture between its subsidiary, Lunda Construction Company, and Ames Construction, Inc., has been identified by the Minnesota and Wisconsin Departments of Transportation as the low bidder for the St. Croix Crossing Bridge Superstructure project. The joint venture’s bid was approximately$380 million, which includes a time component amount that will be excluded from the contract value. The contact is expected to be awarded by the end of November. Tutor Perini anticipates booking its portion of the contract value into the Company’s backlog in the fourth quarter.

The scope of work for the project includes construction of the main river bridge superstructure, two ramp bridges between Highway 95and the river crossing (north and south of the main bridge), the Highway 36box girder approach bridge, and the connecting structure between the river bridge and the Highway 36approach bridge.

Work on the project is expected to begin in December 2013and substantial completion is expected by the fall of 2016.