WDF Announces $71 Million Jacob Riis Houses Restoration Project

December 5, 2018

NEW YORK--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, today announced that its subsidiary, WDF Inc., has been approved for award by the New York City Housing Authority for the Sandy Recovery Program Restoration at Jacob Riis Houses. The anticipated contract value is approximately $71.2 million and notice to proceed is expected in the first quarter of 2019.

The project scope of work includes both restoration and infrastructure improvements to the Jacob Riis Housing complex, which consists of twelve buildings spread over a three city block footprint. Upgrades include new emergency generators, electrical distribution equipment and gas services to the buildings. New flood elimination upgrades include deployable dry flood-proofing elements, waterproofing of structures, waterproof architectural finishes and upgrades to sewer/storm management systems. Exterior upgrades include new roadways, sidewalks, green spaces and pedestrian lighting. Architectural improvements include the rehabilitation of building entrances, lobbies and storm damaged portions of all twelve buildings. Work on the project is expected to commence in the summer of 2019 with substantial completion anticipated by mid-2022.

The contract value will be included in the Company’s fourth quarter 2018 backlog.