Tutor Perini's Subsidiary Awarded $220m I-70 Missouri River Bridge Design-Build Project
- Tutor Perini Corp (NYSE: TPC) subsidiary, Lunda Construction Company, has been selected by the Missouri Department of Transportation to design and construct the new I-70 Missouri River Bridge near Rocheport, Missouri.
- The project consists of the design and construction of two Missouri River bridges, one in each direction of travel. Lunda's design team is comprised of Parsons Corp (NYSE: PSN), Dan Brown & Associates, and HZ United.
- Construction is scheduled to begin later this year, and substantial completion is expected by the end of 2024.
- The construction budget for this project is $220 million and is expected to be included in the Company's third-quarter 2021 backlog.
- Price action: TPC shares trading higher by 0.08% at $13.20 in the market session on the last check Monday.
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