Tutor Perini Corp. (TPC) announced its joint venture's bid, valued at approximately $985 million, was recently identified by the California High-Speed Rail Authority as the "apparent best value" for the design and construction of the initial Madera to Fresno segment of the California high-speed rail system. The Authority's Board is expected to approve the design-build contract for this project in the coming weeks.
Tutor Perini is the managing partner of the joint venture team, which includes Zachry Construction Corporation of San Antonio, Texas and Parsons Corporation of Pasadena, California.
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