Tutor Perini Corporation has been awarded a $1.871 billion contract by the Port Authority of New York and New Jersey to construct key components of the Midtown Bus Terminal Redevelopment Program in New York City. This project involves building a new seven-floor steel-clad storage and staging facility, which will accommodate up to 350 buses and serve as a temporary bus terminal during future construction phases. Additionally, an innovative ramp structure will be developed to facilitate bus movement to and from the Lincoln Tunnel. The construction is slated to begin in the fall of 2025, with completion expected by the fall of 2028. This contract will be added to Tutor Perini's backlog in the second quarter of 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tutor Perini Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250630734464) on June 30, 2025, and is solely responsible for the information contained therein.