Tutor Perini Corp. has received a $3 billion contract from the New York City Department of Design and Construction to build a jail in Brooklyn.
The Sylmar-based construction company will begin work on the new facility upon receipt of a notice to proceed, which it expects to receive in June.
Ron Tutor, the chief executive of the company, said it was pleased to have been selected by the New York City Department of Design and Construction for the project.
“We look forward to partnering with them to deliver a new state-of-the-art facility that will enable DDC’s historic plan to close Rikers Island and replace it with a smaller network of safer modern jails,” Tutor said.
The contract will be included in the second-quarter backlog, according to the company.
Shares in Tutor Perini closed up 40 cents, or just more than 7.5 percent, to $5.70 on the New York Stock Exchange, on a day when the Dow Jones closed down a fraction of a percent.
