Tutor Perini-Nan JV Awarded Additional $232 Million for Apra Harbor Waterfront Repairs Project, Totaling $563 Million

TPC
September 06, 2025
Tutor Perini Corporation announced on February 25, 2025, that the Tutor Perini-Nan Joint Venture has been awarded several options for additional scope of work on the Apra Harbor Waterfront Repairs Project in Guam. These additional options are valued at approximately $232 million, increasing the total contract value to approximately $563 million. The project is a design-build construction initiative to repair Apra Harbor’s Glass Breakwater and restore waterfront areas damaged by storms, including Typhoon Mawar in May 2023. The expanded scope now includes repairs to various sections of the Glass Breakwater and shoreline repairs to the inner harbor. Design work is currently underway, with in-water construction anticipated to commence in the fourth quarter of 2025 and substantial completion expected in July 2029. The $232 million incremental value from these approved options will be added to the company's backlog in the first quarter of 2025. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.