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Tutor Perini Wins Subway Contract

Tutor Perini Corp. announced Thursday it had won a contract for work on the San Francisco Central Subway Project. The Sylmar construction company’s contract with the San Francisco Municipal Transportation Agency is valued at $840 million. It includes work on three underground subway stations, a platform station and related track and systems. The light rail contract comes weeks after the California High Speed Rail Authority board unanimously approved Tutor Perini’s $985-million bid to build the first stage of a rail line from Fresno to Madera. The San Francisco project will be managed by Tutor Perini’s Civil Group including several of the company’s subsidiaries such as Frontier-Kemper Constructors and Desert Mechanical. Shares of Tutor Perini fell 73 cents, or 4 percent on Thursday to close at $17.64 on the Nasdaq.

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