Hill International Awarded Contract to Supervise Rehabilitation of Water and Wastewater Projects in Bucharest
Publish date: 04-01-2007Hill International (Nasdaq:HINT), the worldwide construction consulting firm, announced today that it has been awarded a contract from the Municipality of Bucharest to provide design supervision and construction supervision services in connection with the rehabilitation of sewerage and water supply projects throughout Bucharest. The four-year contract has an estimated value to Hill of approximately €5.5 million ($7.2 million).
Hill will be providing pre-construction, works supervision and training services on the €70 million ($92 million) program. The program’s focus is to build water works infrastructure to support a population that is expected to grow from 17,000 to 138,000 over the next 30 years. Projects include rehabilitation of existing sewerage and water supply systems, construction of new systems, and rehabilitation of the associated urban roads. Construction is estimated to begin in September 2007 and is estimated to be completed by September 2010.
“These much-needed projects will have a dramatic effect on the quality of life for the growing population of Bucharest,” said Raouf S. Ghali, President of Hill’s Project Management Group (International). “Hill is excited to be a participant in such an important program,” Ghali added.
Hill International, with 1,400 employees in 60 offices worldwide, provides program management, project management, construction management, and construction claims services. Engineering News-Record magazine recently ranked Hill as the 17th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
This press release may include certain statements that fall within the definition of "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties, overall economic and market conditions, competitors' and clients' actions, and weather conditions, which could cause actual results to differ materially from those anticipated, including those risks identified in Hill’s filings with the Securities and Exchange Commission. Accordingly, such statements should be considered in light of these risks. Any prediction by Hill is only a statement of management's belief at the time the prediction is made. There can be no assurance that any prediction once made will continue thereafter to reflect management's belief, and Hill does not undertake to update publicly its predictions, whether as a result of new information, future events or otherwise.
Source: businesswire.com
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