Hill International Selected to Support Major Expansion at the Piraeus Port Authority in Greece
July 07 2017 - 9:00AM
Hill International (NYSE:HIL), the global leader in managing
construction risk, announced today that it has received a contract
to provide construction supervision services in support of a €350
million ($399 million) Capital Expenditure Program for the Piraeus
Port Authority in Greece. The four-year contract has an
estimated value to Hill of approximately €2.4 million ($2.7
million).
The Port of Piraeus is the largest port in
Greece, the largest passenger port in Europe and the third busiest
port in the world. Spanning more than 27 kilometers (16.7
miles) along the coast, it has an aggregate area exceeding 5
million square meters (53.8 million square feet). The Capital
Expenditure Program entails upgrading and expanding the port’s
infrastructure, including a new cruise terminal, dredging projects
and facilities improvements. The Program, expected to be
complete by August 2021, will elevate the Port’s status as a key
transportation hub in Europe, triggering further investments into
other sectors of the economy. Hill was appointed as the Port
Authority’s Independent Engineer, monitoring all aspects of the
implementation of the Capital Expenditure Program.
“This is a major foreign direct investment and a
project of national significance for Greece,” said Emmanouil
Sigalas, Vice President with Hill International. “We are honored by
this appointment and we look forward to supporting its delivery,”
added Sigalas.
Hill International, with 3,300 professionals in
more than 50 offices worldwide, provides program management,
project management, construction management 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.
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considered “forward-looking statements” within the meaning of the
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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)