Hill Intl (MM) (NASDAQ:HINT)
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Hill International (Nasdaq:HINT), the worldwide construction consulting
firm, announced today that it has been awarded a new contract by the Al
Ain Municipality to provide project management services on the AED 600
million ($163 million) implementation of an Irrigation Master Plan for
Al Ain, United Arab Emirates. The five-year contract has an estimated
value to Hill of approximately AED 23.5 million ($6.4 million).
The new irrigation networks will serve the municipality’s
and the surrounding region’s proposed
reservoirs until the year 2020. The current pumping and irrigation zones
are to be re-grouped in such a way that Al Ain will be divided into
eighteen zones, and the region outside the city will have eleven zones.
Each of these zones will be equipped with a reservoir which can store at
least a day’s supply of water, a pumping
station and a central irrigation control system. With the construction
of 21 new reservoirs, the Al Ain region will have a total of 30 main
reservoirs and pumping stations. The remaining small pumping system and
irrigation tanks will be demolished as the project progresses, but the
supply of water will continue from alternative sources. Construction is
expected to begin in January 2009 and conclude by January 2013.
“This irrigation program is a critical
improvement to Al Ain’s water infrastructure,”
said Raouf S. Ghali, President of Hill’s
Project Management Group (International). “We
look forward to helping our client complete this important program,”
Ghali 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.
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