An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Frontier-Kemper Awarded Tunnel Contract for Eagle Mountain - Woodfibre Gas Pipeline Project
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Tutor Perini Corporation (NYSE: TPC) announced a CAD$341 million contract awarded to its subsidiary Frontier-Kemper Constructors by FortisBC Energy, Inc. for the Eagle Mountain-Woodfibre Gas Pipeline project. This involves boring a nine-kilometer tunnel to install a 24-inch natural gas pipeline, ensuring the protection of sensitive ecosystems. Pre-construction starts in March 2022, with construction projected to begin in early 2023 and substantial completion expected in 2025. This contract will boost the company’s 2022 backlog.
Positive
Awarded CAD$341 million contract will enhance revenue.
Contract included in 2022 backlog increases business visibility.
Negative
None.
LOS ANGELES--(BUSINESS WIRE)--
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Frontier-Kemper Constructors (“Frontier-Kemper”), has been awarded a contract valued at approximately CAD$341 million (USD$267 million) by FortisBC Energy, Inc. for the tunnel component of the Eagle Mountain - Woodfibre Gas Pipeline project. The project consists of using two tunnel boring machines to bore an approximately nine-kilometer tunnel between the town of Squamish, British Columbia, Canada and the Woodfibre LNG industrial site, located southwest of downtown Squamish. The tunnel will play an important role in protecting sensitive ecosystems and wildlife within the Skwelwil’em Squamish Estuary by locating underground a 24-inch natural gas pipeline system that Frontier-Kemper will install as part of the project. The tunnel will measure four meters in diameter and will run at depths of approximately 25 meters to 450 meters below ground surface.
Pre-construction activities, including design, procurement and construction planning, are expected to commence in March 2022 with construction anticipated to begin in early 2023. Substantial completion is anticipated in 2025. The contract value will be included in the Company’s first-quarter 2022 backlog.
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.
What contract was awarded to Tutor Perini Corporation?
Tutor Perini Corporation's subsidiary Frontier-Kemper was awarded a CAD$341 million contract by FortisBC Energy for the Eagle Mountain-Woodfibre Gas Pipeline project.
When is construction expected to start for the Eagle Mountain project?
Construction for the Eagle Mountain-Woodfibre Gas Pipeline project is anticipated to begin in early 2023.
What is the value of the contract awarded to Frontier-Kemper?
The contract awarded to Frontier-Kemper Constructors is valued at approximately CAD$341 million (USD$267 million).
When will substantial completion of the pipeline project occur?
Substantial completion of the Eagle Mountain-Woodfibre Gas Pipeline project is expected in 2025.
What is the role of the tunnel in the Eagle Mountain project?
The tunnel will house a 24-inch natural gas pipeline, helping to protect sensitive ecosystems within the Skwelwil’em Squamish Estuary.
