Hill International Selected as Project Manager for the NAC and 6th of October City Monorail Lines Project in Egypt
September 23 2020 - 8:33AM
Hill International (NYSE:HIL), the global leader in managing
construction risk, announced today it was awarded a contract to
provide project management, design review, and implementation
supervision services for the New Administrative Capital City and
6th of October City Monorail project in Egypt. Once complete, the
two lines will transport approximately 45,000 passengers per hour
at peak capacity, greatly improving mobility for Egyptian citizens
in a safe and sustainable manner.
Hill International, Inc. CEO Raouf Ghali said of the award,
“This is an exciting project for all involved, and represents the
continuing strength of the North African market in general and
Egypt in particular. With demographic factors, astute planning, and
innovation providing an engine for growth in Egypt, we expect the
country will set a global standard in executing ambitious
infrastructure projects and programs like the Cairo Monorail for
many years to come.”
Built by Egypt’s National Authority for Tunnels, the estimated
U.S. $4 billion project represents the first monorail project in
North Africa and, once complete, will be the longest monorail
system in the world at a combined 98.5 km. The project’s first line
will extend 56.5 km from East Cairo to the New Administrative
Capital. The second line will be 42 km long to connect 6th of
October City to Giza. These are the first mass transit links to
connect Greater Cairo with New Capital City and 6th of October
City. With operating speeds up to 80 km/h, the journey time for the
new Capital City will be around 60 minutes (for 56.5 km line) and
around 42 minutes for 6th of October City (42 km line).
The project will use the design-build-operate-and-maintain
(DBOM) delivery method, and includes 34 stations, including both
elevated and at-grade locations, and associated works including
maintenance facilities, depots, and an Operations Control Centre.
The monorail will also intersect with the Cairo Metro’s Line 3 as
well as Cairo’s High Speed Rail network, further connecting the
dynamic Cairo region.
“Hill has a decades-long record of success in delivering
mega-transportation and infrastructure projects in Egypt as well as
around the world,” explained Hill International’s Senior Vice
President and Africa Managing Director Waleed Abdel-Fattah. “Our
team will bring the best practices and lessons learned from our
assignments to make certain these new lines achieve the Authority’s
goals for the project and offer a fast, safe, and clean transit
solution for residents.”
About Hill International
Hill International, with approximately 2,700
professionals in more than 65 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
StatementsCertain 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+CSenior Vice PresidentHill International,
Inc.One Commerce Square2005 Market Street, 17th
FloorPhiladelphia, PA 19103(215)
309-7707elizabethzipf@hillintl.com
The Equity Group, Inc. Devin
SullivanSenior Vice President (212)
836-9608dsullivan@equityny.com
Hill (NYSE:HIL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hill (NYSE:HIL)
Historical Stock Chart
From Apr 2023 to Apr 2024