PHILADELPHIA and NEW YORK, Oct. 2, 2015 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that its joint venture with CohnReznick LLP has received a contract from the Port Authority of New York and New Jersey to provide expert professional integrity monitoring services on an as-needed basis in connection with the LaGuardia Airport Redevelopment Program – Central Terminal Building Replacement Project in New York City. The multi-year contract has an estimated value to the joint venture of up to $11.3 million. Hill and CohnReznick are equal partners in the joint venture.
Hill and CohnReznick have been jointly appointed as Project Integrity Monitor to assist the Port Authority's Office of Inspector General with the oversight of this important project as required to ensure performance of high ethical standards, free from unethical, improper and illegal conduct.
"The modernization of LaGuardia Airport is a critical infrastructure project for air passengers in New York City," said Peter J. Wallace, Senior Vice President with Hill's Construction Claims Group. "Our joint venture team looks forward to ensuring that this project is implemented with high levels of integrity," added Wallace.
CohnReznick, one of the leading accounting, tax, and advisory firms in the U.S., provides clients with forward thinking advice that helps them navigate complex business and financial issues. With more than 2,500 employees nationwide, they provide the resources, technical skills and deep industry knowledge to help them succeed. For more information on CohnReznick, please visit their website at www.cohnreznick.com.
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.
John P. Paolin
Senior Vice President of Marketing and
Corporate Communications
(215) 309-7710
johnpaolin@hillintl.com
The Equity Group Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
dsullivan@equityny.com
(HIL-G)