Reported Earlier, Tutor Perini Secures $1.66B Contract To Build Six Rail Stations And Elevated Guideway In Honolulu
Portfolio Pulse from Benzinga Newsdesk
Tutor Perini has secured a $1.66 billion contract to build six rail stations and an elevated guideway in Honolulu. The project design will start immediately, with construction beginning in the second half of 2025 and substantial completion expected by 2030. Parsons Corporation will serve as the design subcontractor.
August 16, 2024 | 7:00 am
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Parsons Corporation will serve as the design subcontractor for Tutor Perini's $1.66 billion rail project in Honolulu. This partnership is expected to enhance Parsons' project portfolio and revenue.
Being the design subcontractor for a $1.66 billion project will likely enhance Parsons Corporation's project portfolio and contribute positively to its revenue. The long-term nature of the project ensures sustained business over several years.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tutor Perini has secured a $1.66 billion contract to build six rail stations and an elevated guideway in Honolulu. This significant contract is expected to boost the company's revenue and project pipeline.
The $1.66 billion contract is a substantial addition to Tutor Perini's project portfolio, likely leading to increased revenue and a stronger market position. The long-term nature of the project also provides sustained business over several years.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100