MARLTON, N.J. and PHILADELPHIA, July 17, 2013 (GLOBE NEWSWIRE) -- Hill International (NYSE: HIL ), the global leader in managing construction risk, announced today that it has been awarded a contract from the Pennsylvania Turnpike Commission (PTC) to provide construction management services for the widening and reconstruction of a 15-mile section of the Pennsylvania Turnpike. The nine-year contract has an estimated value to Hill of approximately $17.1 million.
Under the contract, Hill will be providing services during design and construction of Turnpike roadway and bridge reconstruction projects between Downingtown (milepost 312) and Valley Forge (milepost 326) in Chester County, Pennsylvania. Reconstruction of this section is anticipated to include two roadway construction contracts and two early action bridge replacement contracts for a total cost of approximately $480 million.
One of the PTC's highest priorities is to fully reconstruct the Turnpike, removing all original pavement and sub-base and replacing it with an entirely new roadway to 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.
"It is an honor to be working for the PTC on such an important reconstruction effort," said Michael V. Griffin, PE, Senior Vice President and Mid-Atlantic Regional Manager for Hill's Project Management Group. "We are confident that our team will manage this project to a successful completion," added Griffin.
Hill International, with 3,900 employees in 100 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 9th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com .
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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. We do not intend, and undertake no obligation, to update any forward-looking statement.
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Hill International, Inc. John P. Paolin Senior Vice President of Marketing and Corporate Communications (856) 810-6210 The Equity Group Inc. Devin Sullivan Senior Vice President (212) 836-9608
