Hill International to Support Fraport Greece for the Upgrade and Modernization of 14 Airports
January 16 2020 - 8:55AM
Hill International (NYSE:HIL), the global leader in managing
construction risk, announced today that it has been selected by
Fraport Greece (FG) to provide project management support and
on-call technical support services under a three-year framework
contract related to the upgrade, maintenance, management, and
operation of 14 airports in Greece.
Following an international privatization process
concluded in December 2015, FG entered into a concession agreement
with the Greek State for managing, operating, and developing 14
regional airports in Greece for a period of 40 years. Specifically,
these airports include mainland and island gateways at Aktion,
Chania (Crete), Corfu, Kavala, Kefalonia, Kos, Lesvos, Mykonos,
Rhodes, Samos, Santorini, Skiathos, Thessaloniki, and Zakynthos.
Since entering the concession agreement, FG has been carrying out a
capital expenditure program in excess of €415 million for the
modernization, development, and/or expansion of these airports’
infrastructure. Work ranges from the refurbishment of existing
terminals to the construction of new landside and airside
facilities with the goal of improving operational processes,
safety, and travel experiences.
“These airports form a transit web throughout
Greece,” says Manolis Sigalas, Hill International Vice President
and Managing Director for Southern Europe. “As tourism in Greece
continues to surge, these upgraded hubs will help meet the demands
of the industry. The airports will also facilitate regional travel
and create jobs for local communities. This is an investment of
national significance.”
For the duration of the framework contract, Hill
will support FG’s in-house divisions for the management of the
infrastructure works related to the European Union Aviation Safety
Agency Certification compliance program for all airports, the
commercial development program, the management of works associated
with the environmental compliance program, and the provision of
related contractual advice, among other things.
“FG’s capital expenditure program will bring
about much-needed upgrades for Greece’s tourist and transit
infrastructure, as well as the resultant financial benefits for the
country,” says Raouf Ghali, Hill International Chief Executive
Officer. “By upgrading and expanding facilities, FG is improving
processes and the overall customer experience. We are delighted to
be supporting this client as they bring Greece’s airports into the
21st century. This assignment is a testament to the breadth and
depth of services that Hill can provide on airport projects across
Europe and internationally.”
About Hill International
Hill International, with approximately 2,700
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.
Forward Looking Statements
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 statements of
belief or intent, any statements concerning our plans, strategies,
and objectives for future operations 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 (215) 309-7707
elizabethzipf@hillintl.com
Hill International, Inc. Todd Weintraub Senior
Vice President and Chief Financial Officer (215) 309-7951
toddweintraub@hillintl.com
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