Hill International Awarded New Contract as Program Manager for Philadelphia Airport System
December 11 2007 - 11:37AM
Business Wire
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)
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