Lunda Construction Announces Apparent Low Bid for a $136 Million I-64 Bridge and Highway Project

BLACK RIVER FALLS, Wisc., March 19, 2024--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Lunda Construction Company, has been recently identified by the Illinois Department of Transportation as the apparent low bidder for a bridge replacement and highway improvement project valued at approximately $136 million. The project is located on I-64, east of US‑1 near Grayville, Illinois. The project crosses the Wabash River, which divides the roadway jurisdiction between White County, Illinois, west of the river, and Posey County, Indiana, east of the river. The improvement is a total of 8,339 feet (1.58 miles) along I-64. The project scope of work includes replacement of the existing dual bridges over the Wabash River, as well as roadway improvements to connect the existing I-64 roadway to the new bridge structures.

Contract award is anticipated in the second quarter of 2024 and work is subsequently expected to begin in the third quarter of 2024, with substantial completion anticipated in the fourth quarter of 2029.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large, complex projects on time and within budget while adhering to strict quality control measures.

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Contacts

Tutor Perini Corporation
Jorge Casado, 818-362-8391
Vice President, Investor Relations and Corporate Communications
www.tutorperini.com