Lunda Construction Announces $239 Million 35W & Lake Street Joint Venture Project

Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, today announced that a joint venture team comprised of its subsidiary, Lunda Construction Co., together with Ames Construction and Shafer Contracting Co., is being awarded a contract valued at approximately $239 million by the Minnesota Department of Transportation for the 35W & Lake Street Project. This project involves various highway and access improvements along a 4.5-mile stretch of I-35W south of downtown Minneapolis. The scope of work includes the construction of 23 bridges, 64 cast-in-place retaining walls, grading, drainage, concrete paving and related structures. Construction is expected to begin in August 2017 with substantial completion anticipated in the fall of 2021. The contract value is expected to be included in the Company’s reported third 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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