NEW YORK — Tutor Perini Corporation (NYSE: TPC), a frontrunner in civil, building, and specialty construction, has secured a significant contract to advance the Midtown Bus Terminal Redevelopment Program in New York City. The Port Authority of New York and New Jersey’s Board of Commissioners has greenlit a $1.87 billion award to Tutor Perini for the crucial Staging and Storage Facility and Ramp Structure components of this transformative project.
Rendering of the Ramp Structure and Staging and Storage Facility (Source: Port Authority of New York and New Jersey)
The scope of work is substantial, encompassing the construction of a state-of-the-art, seven-story, steel-clad facility between 9th and 10th Avenues, and West 39th to West 40th Streets. This modern hub will offer indoor storage for up to 350 buses and will serve as a vital interim terminal during the ongoing construction of the new main bus terminal. Complementing this, the project also involves building an innovative ramp structure spanning the block from 10th to 11th Avenues, between 39th and 40th Streets. This ramp is engineered to facilitate seamless bus movement to and from the elevated bus levels of the replacement facility and the Lincoln Tunnel.
“We are thrilled to be a part of this landmark project, which promises to significantly elevate the commuter experience and regional transportation network for the entire New York City metropolitan area,” stated Gary Smalley, Chief Executive Officer and President of Tutor Perini. “Tutor Perini boasts a proud legacy of successful collaborations with the Port Authority on large-scale, complex transportation infrastructure, including our recent work on Newark Liberty International Airport’s Terminal A. We are eager to build upon this strong partnership and deliver this pivotal project with the utmost success.”
Construction is slated to commence in the fall of 2025, with the currently funded and scheduled portions expected to conclude in the fall of 2028. This substantial contract award will be integrated into the Company’s backlog during the second quarter of 2025.
For a deeper dive into the Midtown Bus Terminal Redevelopment Program, interested parties can find more information here.
About Tutor Perini Corporation
Tutor Perini Corporation stands as a preeminent force in civil, building, and specialty construction, delivering a comprehensive suite of general contracting and design-build services to a global clientele across both private and public sectors. With a construction lineage dating back to 1894, the company has cultivated a distinguished reputation for its prowess in executing large-scale, intricate projects with precision, adhering to stringent timelines and budget parameters, all while upholding the highest standards of safety and quality. Their service portfolio encompasses general contracting, advanced pre-construction planning, and end-to-end project management. Tutor Perini excels in various delivery methods, including design-bid-build, design-build, construction management, and public-private partnerships (P3). A significant aspect of their operational strength lies in their capacity for self-performance across numerous project components, such as earthwork, excavation, concrete work, steel erection, and the installation of electrical, mechanical, plumbing, HVAC, and fire protection systems.
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