High-Speed Rail CP1
Tutor Perini/Zachry/Parsons, a Joint Venture has executed a contract for Construction Package 1 (CP1) with the California High-Speed Rail Authority (Authority) for the design and construction of the initial Madera to Fresno segment of the California high-speed rail system. This 29-mile long project extends from Avenue 17, south of Madera, CA, to American Avenue south of Fresno, CA. The contract is valued at approximately $985 million, plus an additional $53 million in provisional sums. Tutor Perini Corporation is the managing partner of the joint venture team, which includes Zachry Construction Corporation of San Antonio, Texas and Parsons Corporation of Pasadena, California.