PHILADELPHIA, and IRVINE, Calif., June 14, 2018 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it received Amendment No. 2 to continue to provide program management services to the Metro Gold Line Foothill Extension Construction Authority in support of the award-winning Foothill Gold Line Extension project - Glendora to Montclair. The fee for services will not exceed $9 million under a total contract amount of $27.5 million.
The Glendora to Montclair Foothill Gold Line extension project will extend the light rail line by 12.3 miles and add 6 passenger stations, relieve congestion in the Los Angeles metropolitan area, and drive transit-oriented development. Phase 2B of the extension recently broke ground, with Hill providing program and construction management services.
“We are grateful to the Authority for their confidence in Hill, as well as the opportunity to continue supporting the residents and commuters of the Los Angeles and San Gabriel communities,” said Hill International Senior Vice President and Deputy Regional Manager, John K. Skoury, PE. “Our team looks forward to providing unparalleled services to support our client’s vision for this program.”
The completed segments of the Metro Gold Line Extension project have already received many accolades, including Outstanding Rail Project of the Year from the American Society of Civil Engineers (ASCE), a Project Achievement Award from the Construction Management Association of America (CMAA) and a Best Projects Award from Engineering News Record (ENR) California.
Hill International, with more than 3,000 professionals in more than 50 offices worldwide, provides program management, project management, construction management and other consulting services to clients in a variety of market sectors. Engineering News-Record magazine recently ranked Hill as the eighth-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.
Hill International, Inc.
Elizabeth J. Zipf, LEED AP BD+C
Senior Vice President
Hill International, Inc.
One Commerce Square
2005 Market Street, 17th Floor
Philadelphia, PA 19103
Tel: 215-309-7707
elizabethzipf@hillintl.com
Hill International, Inc.
Marco A. Martinez
SVP & Interim Chief Financial Officer
(215) 309-7951
marcomartinez@hillintl.com
InvestorCom
John Glenn Grau
President
(203) 295-7841
jgrau@investor-com.com
(HIL-G)