Black Construction Announces Two Projects Valued at $71 Million

Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, today announced two new projects collectively valued at approximately $71 million for Black Construction Corporation (BCC), the Company’s Guam-based subsidiary. BCC is the largest and longest-serving general contracting company in Guam and provides comprehensive construction services throughout the Western Pacific region. Details about these new projects are provided below.

Route 3 Widening Project
Owner: Guam Department of Public Works, Highways Division / Contract Value: approx. $44 million

BCC is being awarded a contract to widen Route 3 between Route 28 and Chalan Kareta. Work will entail reconstructing and widening Route 3 from the current two-lane bidirectional roadway to a widened four-lane highway (two lanes in each direction plus a median lane). The project will be approximately 2.8 miles in length and the scope of work will include new and upgraded pavement structural sections, grading, drainage, retaining walls, sidewalks, a pedestrian path, signalized intersections including lighting, utility relocations, guardrail, pavement markings, and other features. Construction is expected to begin in October 2017 with substantial completion anticipated in the fourth quarter of 2019. The contract value is expected to be included in the Company’s reported third quarter 2017 backlog.

Wharf Refueling Capability Improvements, Diego Garcia
Owner: U.S. Naval Facilities Engineering Command / Contract Value: approx. $27 million

BCC was awarded a contract for the construction of new pipelines from the main pump house at the Diego Garcia Wharf to the Deep Draft Wharf, as well as construction of new fuel pits, including the expansion of the existing main pump house, new pumps, filters, motors and control systems. Construction is expected to begin in April 2018 after initial mobilization, with substantial completion expected in the third quarter of 2019. The contract value is included in the Company’s second quarter 2017 backlog.

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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