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Tutor Perini Corp (NYSE: TPC) subsidiary, Lunda Construction Company, has been selected by the Missouri Department of Transportation to design and construct the new I-70 Missouri River Bridge near Rocheport, Missouri.
The project consists of the design and construction of two Missouri River bridges, one in each direction of travel. Lunda's design team is comprised of Parsons Corp (NYSE: PSN), Dan Brown & Associates, and HZ United.
Construction is scheduled to begin later this year, and substantial completion is expected by the end of 2024.
The construction budget for this project is $220 million and is expected to be included in the Company's third-quarter 2021 backlog.
Price action: TPC shares trading higher by 0.08% at $13.20 in the market session on the last check Monday.
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