Tutor Perini (NYSE:TPC) awarded a contract valued at ~$1.66B by the Honolulu Authority for Rapid Transportation for the City Center Guideway and Stations Project in Honolulu, Hawaii.
The contract is expected to be executed in mid-September.
The project scope of work includes the design and construction of six rail stations and approximately three miles of elevated rail guideway beginning just east of the existing Middle Street Transit Center Station and ending at the Civic Center Station, which will be located just east of downtown Honolulu.
Project design will begin immediately after contract execution, while construction is estimated to start in H2 2025 with substantial completion expected in 2030.
Parsons Corporation (PSN) will serve as Tutor Perini’s (TPC) design subcontractor.
The contract value will be added to the company’s backlog in Q3 2024.
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