SYLMAR, CA—Tutor Perini Corp., a civil and building construction company's specialty contracting subsidiary, Fisk Electric Co. has been awarded a contract valued at approximately $87 million by Webcor/Obayashi JV for work on the Transbay Transit Center project here in San Francisco. The scope of work consists of the installation of all electrical, communications, life safety, fire alarm, security, and integrated network systems.
The project owner is the Transbay Joint Powers Authority. Extending just south of Mission Street from Second to Beale streets, the Transbay Transit Center is a state-of-the-art regional transportation hub containing more than one million square feet that will connect eight Bay Area counties and the State of California through 11 transportation systems: AC Transit, BART, Caltrain, Golden Gate Transit, Greyhound, Muni, SamTrans, WestCAT Lynx, Amtrak, Paratransit, and California's future High-Speed Rail from San Francisco to Los Angeles/Anaheim.
Work on this project is expected to start in the first quarter of 2015 with substantial completion expected in the fourth quarter of 2017. The contract value is expected to be included in the company's reported fourth-quarter backlog.
Work began on the $1.6-billion first phase of the Transbay Transit Center back in 2010, as Globest.com reported. The new transit center is scheduled to open in 2017.
Earlier this month, the TJPA, dignitaries and workers gathered at the construction site of the Transbay Transit Center to celebrate the emergence of the first piece of structural steel visible above ground that will form the future regional transit center and anchor the emerging neighborhood around it. The event marked the project's latest milestone and the beginning of the structural steel assembly process scheduled to complete in mid-2016.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.