Hill International Awarded New Contract As Program Manager for Philadelphia Airport System
Posted on: Tuesday, 11 December 2007, 12:00 CST
Hill International (Nasdaq:HINT), the worldwide construction consulting firm, has announced that it has been awarded a new contract by the City of Philadelphia Division of Aviation to provide capital program management consulting services in connection with the Philadelphia Airport System, which includes both Philadelphia International Airport and Northeast Philadelphia Airport. The potential four-year contract, consisting of a one-year base term and three one-year option terms, has an estimated value to Hill of approximately $7.2 million. The selection was the result of a formalized competitive process conducted by the City.
A wide range of airside and landside development projects have been identified for both airports in the current $3.6 billion Capital Improvement Program for fiscal years 2008 through 2013. This program is highlighted by the on-going Terminal Expansion and Modernization Program, a major program to increase airfield capacity by extending and adding runways, and substantial improvements to the airports' infrastructure.
Hill's services as program manager are intended to assist the Division of Aviation in managing, coordinating and monitoring its overall Capital Improvement Program with regard to schedule and budget, and specifically, maximizing the use of available funding sources. Hill has been the program manager for the Philadelphia Airport System since 1989.
"We are honored that our role as program manager for Philadelphia's two major airports will continue," said Michael V. Griffin, P.E., Senior Vice President in charge of Hill's Philadelphia office. "We have an outstanding team with extensive airport experience assigned to the program," Griffin added.
Hill International, with 1,500 employees in 70 offices worldwide, provides program management, project management, construction management, and construction claims services. Engineering News-Record magazine recently ranked Hill as the 10th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
This press release may include certain statements that fall within the definition of "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties, overall economic and market conditions, competitors' and clients' actions, and other conditions, which could cause actual results to differ materially from those anticipated, including those risks identified in Hill's filings with the Securities and Exchange Commission. Accordingly, such statements should be considered in light of these risks. Any prediction by Hill is only a statement of management's belief at the time the prediction is made. There can be no assurance that any prediction once made will continue thereafter to reflect management's belief, and Hill does not undertake to update publicly its predictions, whether as a result of new information, future events or otherwise.
(HINT-G)
Source: Business Wire
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