Benzinga | Jul 12, 2021 12:06PM EDT

Tutor Perini's Subsidiary Awarded $220m I-70 Missouri River Bridge Design-Build Project

* Tutor Perini Corp (NYSE:TPC) subsidiary, Lunda Construction Company, has been selected by the Missouri Department of Transportation to design and construct the new I-70 Missouri River Bridge near Rocheport, Missouri.

* The project consists of the design and construction of two Missouri River bridges, one in each direction of travel. Lunda's design team is comprised of Parsons Corp (NYSE:PSN), Dan Brown & Associates, and HZ United.

* Construction is scheduled to begin later this year, and substantial completion is expected by the end of 2024.

* The construction budget for this project is $220 million and is expected to be included in the Company's third-quarter 2021 backlog.

* Price action: TPC shares trading higher by 0.08% at $13.20 in the market session on the last check Monday.