Tutor Perini Selected as the Design and Construction Contractor for Phase 1 South of the New American Legion Bridge I-270 Traffic Relief Plan
21 September 2022 - 1:15PM
Business Wire
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading
civil, building and specialty construction company, announced today
that it has been selected by Accelerate Maryland Partners LLC (“AM
Partners”) as the design and construction contractor for Phase 1
South of the New American Legion Bridge I-270 Traffic Relief Plan,
one of the largest civil works projects ever undertaken in the
United States. Tutor Perini was selected by AM Partners to design
and construct both the Phase 1 South A and Phase 1 South B
components of the project. Tutor Perini’s team includes O&G
Industries (for Phase 1 South A), the Company’s subsidiary - Lunda
Construction (for Phase 1 South B), as well as Parsons Corporation
(NYSE: PSN) as the lead designer for both Phase 1 South A and B
components.
AM Partners, led by Transurban and Macquarie Capital, was
selected as the Phase 1 Developer in February 2021 by the Maryland
Department of Transportation State Highway Administration (MDOT
SHA) following a competitive international search to advance one of
the largest transportation projects and leverage a progressive, or
predevelopment, P3 delivery model. The predevelopment agreement
approach will help ensure project risks are identified and
minimized early in the design process, with robust community
engagement, to ensure the project is set up for success. The
project scope of work includes design and construction to replace
and expand the American Legion Bridge and will include two new High
Occupancy Toll (HOT) managed lanes in each direction from south of
the George Washington Memorial Parkway in Fairfax County, Virginia,
to west of MD 187 (Old Georgetown Road) in Montgomery County,
Maryland. On I‑270, the project will convert the existing high
occupancy vehicle (HOV) lane in each direction to a HOT managed
lane and add one new HOT managed lane in each direction on I-270
from I-495 to north of I-370, and on the I-270 east and west
spurs.
“Tutor Perini is proud to partner with AM Partners and MDOT to
advance a project that maximizes travel benefits and long-term
economic value, while minimizing impacts to the communities of the
I-495 and I-270 corridors,” said Ronald Tutor, Chairman and Chief
Executive Officer of Tutor Perini. “We bring a strong record of
meeting or exceeding project participation goals for disadvantaged
businesses and bring to bear the strength of our union and
non-union contracting partners to put people to work.”
Phase 1 South and Phase 1 North of the New American Legion
Bridge I-270 Traffic Relief Plan are expected to generate $12.6
billion in construction-related economic activity, support 43,400
job-years of employment (a job-year is one job lasting for one
year) and boost regional labor income by more than $3.3 billion,
based on a 2022 assessment report conducted by the Center for
Regional Analysis at George Mason University.
Phase 1 South is a multi-billion dollar construction
project.
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. With a
particular expertise in large transportation and mass-transit
projects, Tutor Perini works collaboratively with customers to
optimize project designs that further minimize and reduce
impacts.
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version on businesswire.com: https://www.businesswire.com/news/home/20220921005275/en/
Tutor Perini Corporation Jorge Casado, 818-362-8391 Vice
President, Investor Relations and Corporate Communications
www.tutorperini.com
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