PHILADELPHIA and LONG BEACH, Calif., Feb. 22, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received two contracts from the Port of Long Beach to provide construction management services on various capital improvement projects. One contract is in connection with Pier G Metro track improvements and the other contract is to provide on-call services. The two contracts have a combined estimated value to Hill of approximately $2.5 million.
The Pier G Metro track improvements contract entails both new track construction and existing track reconstruction. The on-call services contract is expected to involve management of the demolition of existing facilities (buildings, structures, landscaping and utility systems), intermodal rail yards, roadways, bridges, container terminal development, commercial office buildings, industrial buildings, fire stations, dredging, navigation improvements, utilities, shore-to-ship power, grading and paving, fencing and communication systems.
“We are honored that the Port has once again turned to Hill to assist with their critical infrastructure projects,” said Michael B. Smith, Senior Vice President and Western Regional Manager for Hill’s Project Management Group. “We look forward to helping them reach all of their project goals and objectives,” added Smith.
Hill International, with 4,800 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.
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.
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Source:Hill International, Inc.