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Atkinson-sponsored Joint Venture Awarded Additional Contract at Southern California Water Project.

SAN BRUNO, Calif.--(BUSINESS WIRE)--Sept. 20, 1996--Atkinson (ATKN:NASDAQ/NMS) today announced that a joint venture led by its operating division, Atkinson Construction Company, has been awarded a $13.1 million contract by the Metropolitan Water District of Southern California (MWD) for an additional segment of work on MWD's massive Eastside Reservoir Project, near Hemet in Riverside County.

The contract is for construction of the P-1 Pressure Tunnel which will transport water between the inlet/outlet tower in the new reservoir and the P-1 Pumping Plant located adjacent to the San Diego Channel.

Earlier this year, this same Atkinson-led joint-venture, with Washington Construction Company and H. B. Zachry Company, was awarded a $384 million contract by MWD for construction of the reservoir's west and saddle dams, a channel leading to the inlet/outlet tower, and excavation of the project's forebay.

Under the new contract, the major elements of the work will include excavation of an 18 to 20-foot wide horseshoe-shaped tunnel approximately 2,200 linear feet long, excavation of the tunnel's west portal, and installation of a 16-foot diameter steel lining in the tunnel.

This segment of the work is expected to begin in October 1996 and be completed in May 1998. When construction of the overall Eastside project is completed by 1999 and the reservoir is filled by 2003, its 260 billion-gallon capacity will nearly double Southern California's reservoir capacity and provide the entire region with a six-month emergency water supply.

Atkinson operates internationally through three construction companies providing full service construction to markets for power, infrastructure, industrial and commercial building, pulp and paper, mining, and water and wastewater treatment.

CONTACT: Atkinson

Jim Stevens, 415/876-1681
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Publication:Business Wire
Date:Sep 20, 1996
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