PHILADELPHIA and IRVINE, Calif., May 03, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has been awarded a contract by the Foothill Gold Line Construction Authority to provide program management services for the Glendora to Montclair segment of the overall $1.95 billion Foothill Gold Line light rail project. The three-year contract has an estimated value to Hill of approximately $9.0 million.
This segment of the Foothill Gold Line involves an approximately 12.3-mile extension of Los Angeles Metro’s Gold Line light rail system; extending the line six more stations from Glendora to Montclair. Hill also served as program manager of the prior and completed segment of the project which involved an approximately 11.5-mile extension of the Gold Line from Pasadena to Azusa and which won multiple awards for design, construction and project management.
“We are grateful to our client for their continued confidence in Hill as program manager of this award-winning infrastructure project,” said John K. Skoury, P.E., Senior Vice President in charge of Hill’s rail and transit practice in California. “It is a testament to our team’s outstanding service and commitment to our client and its program,” added Skoury.
Hill International, with 4,600 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.