Tutor Perini Corp. has been awarded a $60 million contract at the Hudson Yards mixed-use development in Manhattan.
The Sylmar construction firm will build a rail yard maintenance building in conjunction with Tutor's previously announced Amtrak tunnel project.
The contract was awarded by New York real estate developer Related Cos., which along with Toronto real estate investment firm Oxford Properties Group, is developing the yard.
The company has previously been awarded several large contracts at Hudson Yards, a 26-acre site slated for 6 million square feet of commercial space, 5,000 residences, a public school and luxury hotel.
Work under the tunnel project, for Amtrak trains servicing the development, required the demolition of the previous maintenance and equipment building. Tutor Perini will construct a new 62,000 square-foot building, which will be used to service and maintain train rail cars and other railroad equipment.
Construction is expected to begin in the third quarter and be substantially completed in the fourth quarter of next year. The contract was announced Wednesday.
Shares closed up 58 cents, or about 2.7 percent, to $21.74 on the New York Stock Exchange.