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Tutor Perini Corporation (NYSE:TPC) Q4 2022 Earnings Call Transcript

Operator: Good day, ladies and gentlemen, and welcome to the Tutor Perini Corporation Fourth Quarter 2022 Earnings Conference Call. My name is Joe, and I will be your coordinator for today.

High Costs & Construction Delays Plague Cali. High Speed Rail

Tutor Perini lambastes California bullet train authority

Share it UPDATE: Feb. 9, 2021: In an update to its 2020 Business Plan, which the California High-Speed Rail Authority (CHSRA) plans to officially release Feb. 9, the authority will report that costs for the Central Valley line (Merced to Bakersfield) have increased to $13.8 billion from $12.4 billion. This amount includes $330 million of extra construction costs and a $1 billion enhanced risk contingency. CHSRA CEO Bryan Kelly wrote in a letter accompanying the updated plan that the COVID-19 pandemic has affected the schedule as well as costs. The primary 22-mile segment will not be ready for another 15 months, putting completion at about May 2022. Completion of the remaining construction packages is not expected until 2023.

Contractor: High-speed rail delays 'beyond comprehension'

LOS ANGELES (AP) A letter from a major contractor blames the state for delays in.

State bullet train delays 'beyond comprehension,' contractor says in blistering letter