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Monday, Aug 15, 2022

Tutor Perini Announces $519M Low Bid for NJ Project

Tutor Perini Corp. announced Tuesday it was identified as the apparent low bidder in a project to replace a bridge in New Jersey.

The Sylmar construction services company anticipates the contract for the Raritan River Bridge replacement project to be awarded in the fourth quarter with construction to subsequently follow.

The company made a bid of $519 million.

The Raritan River Bridge replacement project will replace the 114-year-old existing bridge connecting South Amboy and Perth Amboy, N.J., which was damaged by superstorm Sandy in 2012.

The new bridge will use structural designs and materials to withstand future storm surges and be significantly less vulnerable to severe weather events, the company said in a release.

The project scope of work includes construction of the lift bridge and flanking spans superstructure, communications and signal systems and overhead catenary work.

The work also includes miscellaneous civil and structural work, wetland mitigation work and the demolition of the existing bridge as necessary to construct the bridge fender system as well as to provide a fully functioning navigational channel beneath the newly constructed bridge.

Shares in Tutor Perini closed down on Tuesday by 7 cents, or just less than 1%, to $8.70 on the New York Stock Exchange, on a day when the Dow Jones closed down 0.7%.


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