MARLTON, N.J. and WILDOMAR, Calif., Nov. 11, 2011 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that its subsidiary TCM Group Inc. has received a contract from the Riverside County Transportation Department (RCTD) to provide construction management services in connection with the Clinton Keith Road at Interstate 15 Interchange project. The two-year contract has an estimated value of approximately $2.3 million.
TCM Group will provide construction management services during the $18.6 million infrastructure project. The project entails the reconstruction of the Clinton Keith Road interchange at Interstate 15 in Wildomar, California. The proposed improvements include the widening of Clinton Keith Road in the vicinity of I-15, widening of the Clinton Keith Road overcrossing, reconstructing the interchange ramps and adding limited length auxiliary lanes on I-15 prior to and after the exit and entrance ramps, respectively.
"We are proud to partner with RCTD, the City of Wildomar and Caltrans to deliver this critical transportation infrastructure project in Riverside County," said Michael Tahan, Senior Vice President in charge of Hill's highway and bridge practice in California. "We are proud to be part of a project that will make a major improvement in local traffic for area businesses and residents," added Tahan.
Hill International, with 3,100 employees in 100 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th 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 in this press release 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 contained in this press release, 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, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth 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.
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