Tutor Perini, In Joint Venture With O&G Industries, Awarded Amtrak Contract For $1.3 Billion Connecticut River Bridge Replacement Project
Portfolio Pulse from Benzinga Newsdesk
Tutor Perini, in a joint venture with O&G Industries, has been awarded a $1.3 billion contract by Amtrak for the Connecticut River Bridge replacement project. The project is funded by the IIJA and a federal grant, with work set to begin in late summer 2024 and completion anticipated in 2031. Tutor Perini's 30% share will be added to its Q2 2024 backlog.
July 02, 2024 | 6:27 pm
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Tutor Perini, in a joint venture with O&G Industries, has secured a $1.3 billion contract from Amtrak for the Connecticut River Bridge replacement project. Tutor Perini's 30% share will be added to its Q2 2024 backlog, potentially boosting future revenues.
The $1.3 billion contract significantly boosts Tutor Perini's backlog, indicating strong future revenue streams. The project's funding by IIJA and a federal grant adds financial stability, and the long-term nature of the project provides sustained business for Tutor Perini.
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