Hill International Receives $8 Million Contract to
Post# of 301275
PHILADELPHIA, Dec. 19, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE: HIL ), the global leader in managing construction risk, announced today that it has received a contract from the Pennsylvania Turnpike Commission (PTC) to provide construction management services for roadway and bridge reconstruction projects on a 13-mile section of the Pennsylvania Turnpike. The ten-year contract has an estimated value to Hill of approximately $8.0 million.
The reconstruction projects extend between mileposts A31 and A44 in Montgomery and Bucks counties in Eastern Pennsylvania. The projects entail an early-action overhead bridge replacement construction contract and three total reconstruction contracts at a total estimated cost of approximately $355 million.
The PTC is focused on a staged reconstruction program that will ultimately replace all of the original 470 miles of the turnpike. This program will remove all original pavement and sub-base and replace it with an entirely new roadway. This will include new bridges, median barriers, guide rail, noise and retention walls and drainage. To date, the PTC has reconstructed more than 100 miles of roadway—most of it widened from four to six lanes. These rebuilt roadways meet contemporary engineering standards, including a wider median, gentler curves and grades, safer entry and exit ramps and reconstructed interchanges.
“These projects will improve safety, traffic flow and roadway longevity,” said Vic Spinabelli, Jr., P.E., LEED AP, Senior Vice President in charge of Hill’s project management operations in Western Pennsylvania and Ohio. “We look forward to helping our client, the PTC, deliver these important projects,” added Spinabelli.
The Pennsylvania Turnpike Commission (PTC) operates and maintains 552 miles of toll roads in the state. It oversees 68 fare-collection facilities, 17 service plazas and 27 maintenance facilities. With more than 2,000 employees, the PTC generated $1 billion in toll revenue in fiscal 2016 from 198.3 million vehicles. Known as “America’s First Superhighway,” it opened October 1, 1940. To learn more, visit www.paturnpike.com .
Hill International, with 4,400 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
(HIL-G)
(0)
(0)