PHILADELPHIA and MONROVIA, Calif., Sept. 23, 2015 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that its project, the Foothill Gold Line from Pasadena to Azusa in Southern California, has reached substantial completion. The 11.5-mile light rail project will now be turned over by the Foothill Gold Line Construction Authority to the Los Angeles Metro for pre-revenue service.
The first contract was awarded in June 2010 to Skanska USA to design and build the Gold Line Bridge with Hill International as program manager. Construction on the bridge began in July 2011 and was completed in December 2012, and has won multiple awards since. In July 2011, the second contract was awarded to Foothill Transit Constructors–A Kiewit-Parsons Joint Venture, to design and build the Pasadena to Azusa alignment (including six stations, 28 miles of track and dozens of other bridges and crossings) with Hill continuing as program manager.
"Reaching substantial completion is an important milestone in the Construction Authority's history and in the four-year plus partnership between the Construction Authority and our design-build teams," said Habib F. Balian, CEO of the Foothill Gold Line Construction Authority. "We look forward to handing the project over to Metro in the coming days, as they prepare to put the 11.5-mile extension on-line in 2016," added Balian.
"Hill is honored to be part of the Foothill Gold Line project," said Thomas J. Spearing III, Regional President (Americas) of Hill's Project Management Group. "We congratulate the Construction Authority on reaching such an important milestone," added Spearing.
Hill International, with 4,900 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the seventh 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.
Hill International, Inc.
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Source:Hill International, Inc.