Layne Christensen Co.’s (LAYN) Geoconstruction division received a contract from Tutor Perini Corp. (TPC) to build the foundation for three underground subway stations for the Central Subway Project in San Francisco.
The two-year contract, which is scheduled to commence in February/March 2014, has an estimated value to LAYN of approximately $57 million.
The Central Subway Project is the second phase of the San Francisco Municipal Transportation Agency's (SFMTA) Third Street Light Rail Transit Project.
Phase 2, the Central Subway Project, will construct a modern, efficient light-rail line that will further improve public transportation in San Francisco. This new 1.7-mile extension of SFMTA's T Third Line will connect the 4th Street Caltrain Station to Chinatown, providing direct connections to major retail, sporting and cultural venues while transporting people to jobs, educational opportunities and other amenities throughout the city.
Layne will provide soil stabilization services to assist in the construction of the Chinatown Station, Union Square/Market Street Station, and the Yerba Buena/Moscone Station.
