Sep 21, 2022
Predevelopment and design work advance for regional High Occupancy Toll Lanes Public-Private Partnership (P3) project
TYSONS, Va. – After a competitive procurement process, Accelerate Maryland Partners LLC (AM Partners) selected Tutor Perini (NYSE: TPC) as the design and construction (D&C) contractor for Phase 1 South of Maryland’s New American Legion Bridge I-270 Traffic Relief Plan. The Tutor Perini team includes O&G Industries, Lunda Construction and Parsons Corporation (NYSE: PSN).
Together with AM Partners, these joint venture teams bring 50 years of combined experience delivering complex transportation projects across the National Capital Region with more than one billion dollars subcontracted to small, disadvantaged, minority-, women-, and veteran-owned businesses in the region alone.
The Tutor Perini team will work alongside AM Partners to drive value and efficiencies in the project's design, pricing, and delivery prior to submission of a committed section proposal and execution of the D&C Contract.
“A project of this scale demands a strong team with the track record to collaborate and innovate,” said Pierce Coffee, president of Transurban North America. “We are confident the Tutor Perini team is the right partner to optimize the project as we work together to continue designing one of the largest public-private transportation projects in the nation to keep Maryland’s travelers and its economy moving.”
The New American Legion Bridge I-270 Traffic Relief Plan is expected to deliver critical congestion relief by replacing and expanding the American Legion Bridge connecting Maryland and Virginia while providing opportunities for new multi-modal travel options on two of the nation’s busiest interstate highways. Phase 1 South is expected to reduce system wide delays by up to 38% during peak travel periods and reduce congestion-related delays on local roads by 4.8% daily. The Public-Private Partnership provides new investments in transportation options for transit, car-poolers, and bicycles and pedestrians which do not exist today.
The New American Legion Bridge I-270 Traffic Relief Plan is estimated to generate $12.6 billion in construction-related economic activity, support 43,400 job-years of employment (a job-year is one job lasting for one year) and boost regional labor income by more than $3.3 billion, based on a 2022 assessment report conducted by the Center for Regional Analysis at George Mason University.
"Tutor Perini is proud to partner with AM Partners and the Maryland Department of Transportation to advance a project that maximizes travel benefits and long-term economic value, while minimizing impacts to the communities of the I-495 and I-270 corridors," said Ronald Tutor, Chairman and Chief Executive Officer of Tutor Perini. "We bring a strong record of meeting or exceeding project participation goals for disadvantaged businesses and bring to bear the strength of our union and non-union contracting partners to put people to work."
The approval of the Record of Decision (ROD) by the Federal Highway Administration (FHWA), and the selection of a D&C contractor, are important milestones along the approvals pathway to advance this critical transportation project for Maryland.
Tutor Perini was selected by AM Partners to advance work for Phase 1 South A and Phase 1 South B. Phase 1 South A consists of I-495 from the vicinity of the George Washington Memorial Parkway to I-270. Phase 1 South B extends from I-270 at I-495 to I-370. Tutor Perini’s team includes O&G Industries (for Phase 1 South A), Lunda Construction (for Phase 1 South B), as well as Parsons Corporation as the lead designer for both Phase 1 South A and B components.
Commenting on behalf of Maryland Transportation Builders and Materials Association (MTBMA), Michael Sakata, President, and CEO said, “MTBMA supports the infrastructure improvements associated with this project that will deliver much-needed congestion relief and a new American Legion Bridge to travelers across the region. Boosting Maryland’s economic competitiveness in the region is imperative as is ensuring a fair, open, and competitive procurement process that is inclusive of all our members (union, open shop, veteran, small, woman, disadvantaged, and minority-owned businesses.)”
Commenting on behalf of Laborers Union LU11, Dennis L. Martire, LIUNA Vice President and Mid-Atlantic Regional Manager said, “We are proud of our partnership with Tutor Perini, and we are excited to continue our partnership on the American Legion Bridge. I attribute the longevity of our partnership to our shared commitment to quality and safety. Together with Tutor Perini, we have created good, local jobs that bring workers into the middle class, and we look forward to doing that again on this critical project.”
About AM Partners The AM Partners consortium is led by Transurban and Macquarie Capital, whose collective experience spans more than 90 successful P3 projects globally, including Virginia’s 495, 95 and 395 Express Lanes network – the largest urban P3 toll network in the U.S. with all segments delivered on time and on budget. The consortium seeks to extend the benefits of Virginia’s neighboring Express Lanes network that has saved more than seven million drivers a total of 17 million hours of time, while generating an estimated $7 billion in economic impact and 46,000 jobs in the National Capital Region through its development and construction since 2012. AM Partners was selected in February 2021 as Maryland’s preferred developer for the New American Legion Bridge I-270 to I-70 Traffic Relief Plan. Learn more about AM Partners at: AccelerateMarylandPartners.com
About Transurban North America
Transurban is one of the world’s largest toll-road operators and developers, working to get people where they want to go, as quickly and safely as possible. By embracing collaboration with government, our public-private partnerships are delivering transformative infrastructure solutions across five markets. In fiscal year 2022, our global customers saved 376,000 hours on average each workday across two million trips on our roads with faster, more reliable travel options. We are pioneering travel solutions like dynamically tolled Express Lanes and are partnering with government to think about the policies, technology and infrastructure that will get you home today and ten years from now. Learn more about Transurban North America at: Transurban.com | Expresslanes.com | A25.com
About Macquarie Capital
Macquarie Capital is the corporate advisory, capital markets and principal investment arm of Macquarie Group. Macquarie Capital has been a pioneer and global market leader in the infrastructure sector for over three decades. Its extensive global expertise includes raising debt capital for and investing in a broad range of infrastructure projects covering traditional core sectors such as transport and accommodation as well as emerging sectors such as digital infrastructure. Macquarie Capital currently has over $25 billion of infrastructure projects currently under construction or development. Learn more about Macquarie at:
About Tutor Perini
Tutor Perini is one of America’s premier general contractors and has established a strong reputation by successfully executing numerous large, complex projects on time and within budget. With a particular expertise in large transportation and mass-transit projects, Tutor Perini works collaboratively with customers to optimize project designs that further minimize and reduce impacts. Learn more about Tutor Perini at: TutorPerini.com