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Tutor Perini Receives Notice of Intent to Award a $410 Million Contract for the Purple Line Extension Section 3 Tunnels Project

Tutor Perini Corporation (NYSE: TPC), a leading civil, building and
specialty construction company, today announced that the
Frontier-Kemper/Tutor Perini Joint Venture has received a notice of
intent to award a contract from the Los Angeles County Metropolitan
Transportation Authority for the Purple Line Extension Section 3 Tunnels
Project. The contract value is anticipated to be approximately $410
million. The project involves the design and construction of twin bored
tunnels for future Purple Line subway service spanning approximately 2.6
miles between Century City and the VA Hospital in Westwood. The subway
extension will provide a high-capacity, high-speed, dependable transit
alternative for those traveling to and from Los Angeles’ Westside.

Tutor Perini (the Company) is currently working on the Purple Line
Extension Section 2 Project, which includes tunneling and construction
of new stations in Beverly Hills and Century City. The Company has an
impressive resume of successfully completed subway and other regional
transportation projects, having constructed major portions of Los
Angeles’ Red Line subway and San Francisco’s Bay Area Rapid Transit
(BART) system. The Company is also currently performing substantial work
on San Francisco’s Central Subway extension to Chinatown; California’s
High-Speed Rail system, which will eventually connect San Francisco and
Los Angeles; New York’s East Side Access project; and Washington State’s
Alaskan Way Viaduct Replacement project.

Contract award for the Purple Line Section 3 Tunnels Project is expected
in the next 30 to 60 days, with notice to proceed anticipated soon
thereafter. Substantial completion is anticipated in the summer of 2022.

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.

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