Tutor Perini Building Corp. Awarded $100 Million Contract for George Washington Bridge Bus Station Redevelopment
August 8, 2013
NEW YORK--(BUSINESS WIRE)--Aug. 8, 2013-- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that its subsidiary, Tutor Perini Building Corp., has been awarded a contract to build the new George Washington Bridge Bus Station Redevelopment Project in New York City for George Washington Bridge Development Venture LLC, the project development partner for thePort Authority of New York & New Jersey. The contract is valued at approximately $100 million.
The George Washington Bridge Bus Station Redevelopment Project is an adaptive reuse and redevelopment of the existing bus facility into a combined bus station and multi-tenant retail facility. The project will consist of a 4‐story mixed-use facility, including approximately 30,000 square feet of new construction and approximately 98,000 square feet of renovation. STV is the project designer.
Construction is expected to begin in 2013 with substantial completion anticipated to occur in 2015. The contract value will be included as part of the Company’s reported second-quarter backlog.