PHILADELPHIA, July 14, 2017 (GLOBE NEWSWIRE) — Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from the Port Authority of Allegheny County in Pennsylvania to provide construction management services in support of the Authority’s $200 million capital improvement program. The three-year contract has an estimated value to a pool of four firms, including Hill of approximately $18.5 million.
The Port Authority of Allegheny County provides public transportation services to persons traveling within a 745-square-mile-area, including the City of Pittsburgh and all of Allegheny County. The Authority operates a fleet of over 700 buses and more than 80 light rail vehicles along two light rail lines, three exclusive busways and the Monongahela Incline. The Authority operates its light rail transit service over a 26.2-mile rail system that runs from the North Shore and Downtown Pittsburgh to many South Hills suburbs. In addition, the Authority owns and operates four bus garages, a major bus overhaul facility, a light rail vehicle maintenance facility, a light rail transportation control center and a major service facility.
“We are honored that the Authority has once again selected Hill to continue supporting this important improvement program,” said Vic Spinabelli, Jr., P.E., LEED AP, Senior Vice President in charge of Hill’s project management operations in Western Pennsylvania and Ohio. “These improvements will have a major impact on the region’s transportation efficiency and accessibility,” added Spinabelli.
Hill International, with 3,300 professionals in 100 offices worldwide, provides program management, project management, construction management 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
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The Equity Group Inc.
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