Hill International Selected to Support Transportation Infrastructure Projects Across Multiple Sectors as Part of the European...
September 29 2020 - 8:00AM
Hill International (NYSE:HIL), the global leader in managing
construction risk, announced today it was selected by the European
Investment Bank (EIB) to support the EIB’s Project Advisory Support
(PAS) Team in the implementation of transportation-related
infrastructure projects in Romania, Bulgaria, Poland, and Croatia.
Under a framework agreement, Hill’s subject matter experts will
provide expertise to EIB-supported projects to accelerate project
planning and execution, as well as European Union (EU) structural
and investment funds absorption. Supported projects may
involve roads, rail, light rail and bus lines, aviation, waterborne
transit, logistics platforms, and/or intermodal platforms.
With publicly funded infrastructure spending expected to
increase in accordance with local demand and projected economic
growth in the coming years, the EIB is likely to invest in projects
across all sectors in Eastern Europe. To be successful, this growth
will require increases in local project management capacity,
technology, knowledge management, and technical expertise. The
EIB’s PAS Team provides these and other services to public
authorities and project promoters to support the implementation of
EU-funded projects. The PAS Team brings a proven record of success
in the region, having substantially improved the project
implementation rate in Romania from 2013 to 2018, for example,
according to recent EIB reports.
Hill is well positioned to support the PAS Team.
“Local presence is key and Hill has offices in Romania and Poland,
as well as a long history of implementing landmark infrastructure
projects across the region, from roadways to railroads to water
treatment plants,” says Hill Vice President and Managing Director
for the Balkans Panagiotis Methenitis. “From our local offices we
will deploy experts who know the opportunities and challenges of
each market and each sector. I am certain that, working alongside
the PAS Team’s in-house experts, we can help reach implementation
targets that will directly improve the quality of life for
residents and spur local economic growth.”
As part of an international consortium, the Hill
team will provide support services for project preparation, project
implementation, capacity building, and knowledge creation and
dissemination. Hill will also provide advice on regulatory matters
and services related to information technology, such as the
development of project management software. These services will
cover the preparation and review of pre-project documentation (such
as technical feasibility studies, traffic analyses, cost benefit
analyses, environmental and social impact assessments, climate risk
and vulnerability assessments, operational and institutional
viability assessments, and procurement strategies) and project
implementation documentation (such as detailed designs and tender
documents).
Raouf Ghali, Hill’s Chief Executive Officer,
says: “The reputation of our local teams continues to provide
pathways to new work supporting the implementation of EU
investments throughout Eastern Europe. We look forward to helping
deliver more projects of this kind under this new framework
agreement.”
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 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+CSenior Vice President (215)
309-7707elizabethzipf@hillintl.com
The Equity Group, Inc. Devin SullivanSenior
Vice President (212) 836-9608dsullivan@equityny.com
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