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Posted date: 11/17/2009

Tutor Perini Awarded $215 Million Tunnel Project

By DEBORAH CROWE

Los Angeles Business Journal Staff

Tutor Perini Corp. said late Tuesday that it received a $215 million contract for construction of a state Highway 24 expansion tunnel near Oakland.

The Sylmar company said Caltrans awarded the contract for a fourth tunnel at the Caldecott Tunnel complex to its Tutor-Saliba subsidiary. The tunnel will add two additional lanes and improve traffic between Alameda and Contra Costa counties

Construction on the project, which includes a new operations and maintenance center, is expected to begin in January and take about three years to complete.

Tutor Perini shares closed down 36 cents, or 2 percent, to $17.62 on the New York Stock Exchange.

February 8 - 14, 2010

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New downtown hotels and a bustling L.A. Live scene are hailed as big convention business boosters.

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Local Latinos Make Chinese Connection
A contingent of Latino officials from L.A. cities overcame culture clash on a recent trip to China.

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