Hill International Receives a Contract from the European Investment Bank to Support the Cairo Metro

Facebooktwittergoogle_pluspinterestby feather

PHILADELPHIA and CAIRO, Egypt, Nov. 01, 2017 (GLOBE NEWSWIRE) — Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from the European Investment Bank, financed under the European Union’s Neighbourhood Investment Facility, to provide project management and technical assistance support services for the Cairo Metro – Line 3 project. The six-year contract has an estimated value to Hill of approximately USD4.4 million.

The Egyptian National Authority for Tunnels (NAT) is constructing this new mass transit system in response to a growing population and escalating traffic and roadway problems. The transit master plan includes six metro lines, two of which are complete (Line 1 and Line 2) and a third (Line 3), which is partially in operation. Line 3 is being constructed in phases. Phase 1 is currently operational, phase 2 is partially operational and phase 3 has also commenced. Hill’s scope pertains to Line 3, phase 3, and entails providing technical assistance to NAT.

Line 3 connects Attaba in east-central Cairo with Abbasia and Heliopolis to the northeast. When complete, the line will extend from the northwest of the Greater Cairo area at Imbaba to the northeast serving the Cairo International Airport. The total length of the line will be approximately 30.6 km of which 28.1 km is an underground section and the rest of the line, about 2.5 km, will be on grade.

“Cairo is the largest city in Africa and ranked as one of the most densely populated cities in the world. This metro system will have an immense impact on Cairo’s traffic congestion and the quality of life of its citizens,” said Waleed Abdel-Fattah, Senior Vice President and Managing Director of Hill’s North Africa Region. “We are extremely proud to be part of such an important initiative,” he added.

Hill International, with more than 3,000 professionals in more than 50 offices worldwide, provides program management, project management, construction management and other consulting services to clients in a variety of market sectors. 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.

Elizabeth J. Zipf, LEED AP BD+C

Senior Vice President

Hill International, Inc.

One Commerce Square

2005 Market Street, 17th Floor

Philadelphia, PA 19103

Tel: 215-309-7707

elizabethzipf@hillintl.com

InvestorCom

John Glenn Grau

President

(203) 295-7841

jgrau@investor-com.com

(HIL-G)

Comments

comments

Call and receive expert consulting or click below for quote
Button linked to quote page for commercial insurance quote