Hill Intl (MM) (NASDAQ:HINT)
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Hill International (Nasdaq:HINT), the worldwide construction consulting
firm, has announced that it has been awarded a new contract by the City
of Philadelphia Division of Aviation to provide capital program
management consulting services in connection with the Philadelphia
Airport System, which includes both Philadelphia International Airport
and Northeast Philadelphia Airport. The potential four-year contract,
consisting of a one-year base term and three one-year option terms, has
an estimated value to Hill of approximately $7.2 million. The selection
was the result of a formalized competitive process conducted by the City.
A wide range of airside and landside development projects have been
identified for both airports in the current $3.6 billion Capital
Improvement Program for fiscal years 2008 through 2013. This program is
highlighted by the on-going Terminal Expansion and Modernization
Program, a major program to increase airfield capacity by extending and
adding runways, and substantial improvements to the airports’
infrastructure.
Hill’s services as program manager are
intended to assist the Division of Aviation in managing, coordinating
and monitoring its overall Capital Improvement Program with regard to
schedule and budget, and specifically, maximizing the use of available
funding sources. Hill has been the program manager for the Philadelphia
Airport System since 1989.
“We are honored that our role as program
manager for Philadelphia’s two major airports
will continue,” said Michael V. Griffin, P.E.,
Senior Vice President in charge of Hill’s
Philadelphia office. “We have an outstanding
team with extensive airport experience assigned to the program,”
Griffin added.
Hill International, with 1,500 employees in 70 offices worldwide,
provides program management, project management, construction
management, and construction claims services. Engineering News-Record magazine
recently ranked Hill as the 10th largest construction management firm in
the United States. For more information on Hill, please visit our
website at www.hillintl.com.
This press release may include certain statements that fall within the
definition of “forward-looking statements”
under the Private Securities Litigation Reform Act of 1995. Any such
statements are subject to risks and uncertainties, overall economic and
market conditions, competitors’ and clients’
actions, and other conditions, which could cause actual results to
differ materially from those anticipated, including those risks
identified in Hill’s filings with the
Securities and Exchange Commission. Accordingly, such statements should
be considered in light of these risks. Any prediction by Hill is only a
statement of management’s belief at the time
the prediction is made. There can be no assurance that any prediction
once made will continue thereafter to reflect management’s
belief, and Hill does not undertake to update publicly its predictions,
whether as a result of new information, future events or otherwise.
(HINT-G)