Frontier-Kemper Awarded $1.1 Billion Kensico-Eastview Connection Tunnel Project
Tutor Perini (NYSE: TPC) announced that its subsidiary, Frontier-Kemper Constructors, has secured a $1.1 billion contract from the New York City Department of Environmental Protection for the Kensico-Eastview Connection Tunnel Project. The project involves constructing a deep rock tunnel between the Kensico Reservoir and the Catskill/Delaware Ultraviolet Light Disinfection Facility in Westchester County, New York. The tunnel will enhance operational resiliency and redundancy for New York City's water supply system. Construction is set to begin in the coming months with completion expected in 2030.
Tutor Perini (NYSE: TPC) ha annunciato che la sua controllata, Frontier-Kemper Constructors, ha ottenuto un contratto di 1,1 miliardi di dollari dal Dipartimento della Protezione Ambientale della città di New York per il progetto del Tunnel di Connessione Kensico-Eastview. Il progetto prevede la costruzione di un tunnel profondo in roccia tra il Serbatoio Kensico e l'Impianto di Disinfezione con Luce UV Catskill/Delaware, nella contea di Westchester, New York. Il tunnel migliorerà la resilienza operativa e la ridondanza del sistema di approvvigionamento idrico della città di New York. La costruzione dovrebbe iniziare nei prossimi mesi, con completamento previsto per il 2030.
Tutor Perini (NYSE: TPC) anunció que su filial, Frontier-Kemper Constructors, ha asegurado un contrato de 1.1 mil millones de dólares del Departamento de Protección Ambiental de la ciudad de Nueva York para el Proyecto del Túnel de Conexión Kensico-Eastview. El proyecto implica la construcción de un túnel profundo en roca entre el Reservoir Kensico y la instalación de desinfección por luz ultravioleta Catskill/Delaware en el condado de Westchester, Nueva York. El túnel mejorará la resiliencia operativa y la redundancia del sistema de suministro de agua de la ciudad de Nueva York. La construcción está programada para comenzar en los próximos meses, con una finalización prevista para 2030.
튜터 페리니(NYSE: TPC)는 자회사인 프론티어-켐퍼 건설이 뉴욕시 환경 보호국으로부터 11억 달러 계약을 확보했다고 발표했습니다. 이 프로젝트는 뉴욕 주 웨스트체스터 카운티에 있는 켄시코 저수지와 캣스킬/델라웨어 자외선 소독 시설 사이에 깊은 암굴 터널을 건설하는 것을 포함합니다. 이 터널은 뉴욕시의 수자원 공급 시스템의 운영 회복력과 중복성을 향상시킬 것입니다. 공사는 몇 달 내에 시작될 예정이며 2030년 완공이 예상됩니다.
Tutor Perini (NYSE: TPC) a annoncé que sa filiale, Frontier-Kemper Constructors, a obtenu un contrat d'1,1 milliard de dollars du département de protection de l'environnement de la ville de New York pour le projet de tunnel de connexion Kensico-Eastview. Ce projet implique la construction d'un tunnel profond en rocher entre le réservoir Kensico et l'installation de désinfection par lumière UV Catskill/Delaware, dans le comté de Westchester, New York. Le tunnel améliorera la résilience opérationnelle et la redondance du système d'approvisionnement en eau de New York. La construction devrait commencer dans les mois à venir, avec une achèvement prévu pour 2030.
Tutor Perini (NYSE: TPC) gab bekannt, dass ihre Tochtergesellschaft, Frontier-Kemper Constructors, einen Vertrag über 1,1 Milliarden US-Dollar vom Umweltschutzamt der Stadt New York für das Projekt des Kensico-Eastview Verbindungstunnels erhalten hat. Das Projekt umfasst den Bau eines tiefen Felsentunnels zwischen dem Kensico-Reservoir und der UV-Desinfektionsanlage Catskill/Delaware im Landkreis Westchester, New York. Der Tunnel wird die betriebliche Resilienz und Redundanz des Wasserversorgungssystems von New York City verbessern. Der Bau soll in den kommenden Monaten beginnen, wobei die Fertigstellung für 2030 geplant ist.
- Secured major $1.1 billion contract for infrastructure project
- Contract value added to company's backlog in Q3 2024
- Long-term project providing revenue visibility through 2030
- None.
Insights
This
The contract's addition to Q3 2024 backlog will positively impact key metrics including book-to-bill ratio and revenue forecasts. Infrastructure projects of this magnitude often yield operating margins between
Work is expected to begin in the coming months with substantial completion expected in 2030. The contract value was added to the Company’s backlog in the third quarter of 2024.
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 customers 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. We offer general contracting, pre-construction planning and comprehensive project management services, including planning and scheduling of manpower, equipment, materials and subcontractors required for a project. We also offer self-performed construction services including site work, concrete forming and placement, steel erection, electrical, mechanical, plumbing and heating, ventilation and air conditioning (HVAC).
View source version on businesswire.com: https://www.businesswire.com/news/home/20241023267748/en/
Tutor Perini Corporation
Jorge Casado, 818-362-8391
Vice President, Investor Relations and Corporate Communications
www.tutorperini.com
Source: Tutor Perini Corporation
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