PHILADELPHIA and PHOENIX, Sept. 23, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE: HIL ), the global leader in managing construction risk, announced today that the company, in association with principal sub consultant CH2M, has received a contract from Valley Metro Rail operating in the cities of Phoenix, Tempe and Mesa to provide professional consulting services for program management and construction management. The five-year contract has an estimated value to Hill of approximately $55.0 million.
“We welcome the expertise in program and construction supervision from Hill International and CH2M as expansion of our rail and high-capacity transit system continues,” said Scott Smith, Valley Metro Rail’s Interim CEO. “With two extensions of rail opened in Phoenix and Mesa within the past year, we realize that our most vital assets are the Valley Metro staff and consultants working in partnership to deliver projects on schedule and within budget.”
Valley Metro is responsible for the planning and operations of a regional bus system in Maricopa County, Arizona along with development and operations of the region’s high-capacity transit system, which currently includes 26 miles of light rail. Seven high-capacity transit extensions are planned or under construction to create a 66-mile regional rail system by 2034.
“Valley Metro Rail has an ambitious expansion program underway and we are very proud to have been selected to help them manage this program,” said Michael B. Smith, Senior Vice President and Western Regional Manager for Hill’s Project Management Group. “Their new expanded system will have a huge positive impact on the greater Phoenix region helping commuters, local businesses and the overall economy,” added Smith.
Hill International, with 4,500 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the eighth largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com .
Certain statements contained herein may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any projections of revenues, earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue and our expenses may be higher than anticipated. We do not intend, and undertake no obligation, to update any forward-looking statement.
Hill International, Inc. John P. Paolin Senior Vice President of Marketing and Corporate Communications (215) 309-7710 johnpaolin@hillintl.com
The Equity Group Inc. Devin Sullivan Senior Vice President (212) 836-9608 dsullivan@equityny.com
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