Hill International Receives $35 Million Contract from Santa Clara Valley Transportation Authority
January 10 2017 - 8:45AM
Hill International (NYSE:HIL), the global leader in managing
construction risk, announced today that it has received a contract
from the Santa Clara Valley Transportation Authority (VTA) to
provide project management oversight and construction management
services in connection with VTA’s highway, roadway,
pedestrian/bicycle, transit and facility projects. The
five-year contract has an estimated value to Hill of approximately
$35.0 million.
VTA is an independent special district responsible
for bus and light rail operations, congestion management, specific
highway improvement projects and countywide transportation
planning. VTA is both an accessible transit provider and
multi-modal transportation planning organization involved with
transit, highways, roadways, bikeways, and pedestrian
facilities.
“We look forward to supporting VTA’s mission of
providing sustainable, accessible, community-focused transportation
projects,” said Michael B. Smith, Senior Vice President
and Western Regional Manager for Hill’s Project
Management Group. “We are confident that our team will
deliver on all expectations,” added Smith.
Hill International, with 4,400 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 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.John P.
PaolinSenior Vice President of Marketing andCorporate
Communications(215) 309-7710johnpaolin@hillintl.com
The Equity Group Inc.Devin
SullivanSenior Vice President(212)
836-9608dsullivan@equityny.com
(HIL-G)