ConDig (07-May-18).  Civil, building and specialty construction company Tutor Perini has secured three civil engineering construction projects totaling about $1 billion.

The Sylmar, California-based company said that its wholly owned subsidiary Lunda Construction is the managing partner in a joint venture that was the low bidder for the Southwest Light Rail Transit project in Minneapolis with a bid of about $800 million.

The construction project involves a 14.5-mile extension of the METRO Green Line and will see the construction of light rail infrastructure, including 44 bridges, two cut-and-cover tunnels and 15 new stations.

Another wholly owned subsidiary, Frontier-Kemper Constructors, was also the low bidder for a $109 million tunneling project in Los Angeles for the Los Angeles Department of Water and Power.

Tutor Perini also said it had been selected for the rehabilitation of the Broadway Bridge over the Harlem River in New York City in a deal worth about $93 million.

All of these projects are expected to be awarded within 60 days and should start immediately thereafter, the company noted.

In February, Tutor Perini reported net income of $80.9 million for the quarter ended December 31, 2017, up from $30.3 million in the same period the year prior following a $53.3 million tax benefit. Revenue in the fourth quarter was $1.2 billion and was flat with the same period the year before.

The US construction market continues to build momentum, with latest figures from Dodge Data & Analytics showing that construction starts jumped up 11% in March from the month prior to a seasonally adjusted annual rate of $785.2 billion as a pick up in public works offset a slight easing in nonresidential and residential building activity.