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Read our latest news below.HILL INTERNATIONAL TO PROVIDE PROJECT OVERSIGHT SERVICES FOR $5.25 BILLION EXPANSION OF PANAMA CANAL
MARLTON, N.J. and PANAMA CITY, Panama, Jul 13, 2010 (GlobeNewswire via COMTEX News Network) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has been awarded a contract from the Panama Canal Authority (ACP) to provide project oversight services for the Panama Canal Expansion Program.
The Panama Canal is a 50-mile long, three-step lock waterway, connecting the Atlantic and Pacific oceans across the Isthmus of Panama. The Panama Canal Expansion Program entails building a third lane of traffic along the waterway through the construction of a new set of locks and other navigation channel improvements. The expansion, which is estimated to cost $5.25 billion and is scheduled to be completed by the fourth quarter of 2014, will double the Canal's capacity and allow more traffic, which in turn will spur economic growth and maintain the Canal's competitive advantage.
"We are extremely honored to have been selected by ACP to participate in this historic expansion program at the Panama Canal," said David L. Richter, Hill's President and Chief Operating Officer.
ACP is the autonomous entity of the Government of Panama that has operated the Canal since December 31, 1999, following its transfer from the United States by virtue of the Panama Canal Treaty of 1977. For more information on ACP, please visit their website at www.pancanal.com.
Hill International, with 2,500 employees in 90 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
The Hill International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5733
Certain statements contained in this press release 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 contained in this press release, the matters set forth herein including, but not limited to, any projections of 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, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth in the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
(HIL-G)
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Hill International, Inc.
Hill International, Inc.
John P. Paolin, VP & Marketing and Corporation Communication
(856) 810-6210
johnpaolin@hillintl.com
The Equity Group Inc.
Devin Sullivan, Senior Vice President
(212) 836-9608
dsullivan@equityny.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
News Provided by COMTEX
13/07/2010 back to list
The Panama Canal is a 50-mile long, three-step lock waterway, connecting the Atlantic and Pacific oceans across the Isthmus of Panama. The Panama Canal Expansion Program entails building a third lane of traffic along the waterway through the construction of a new set of locks and other navigation channel improvements. The expansion, which is estimated to cost $5.25 billion and is scheduled to be completed by the fourth quarter of 2014, will double the Canal's capacity and allow more traffic, which in turn will spur economic growth and maintain the Canal's competitive advantage.
"We are extremely honored to have been selected by ACP to participate in this historic expansion program at the Panama Canal," said David L. Richter, Hill's President and Chief Operating Officer.
ACP is the autonomous entity of the Government of Panama that has operated the Canal since December 31, 1999, following its transfer from the United States by virtue of the Panama Canal Treaty of 1977. For more information on ACP, please visit their website at www.pancanal.com.
Hill International, with 2,500 employees in 90 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
The Hill International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5733
Certain statements contained in this press release 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 contained in this press release, the matters set forth herein including, but not limited to, any projections of 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, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth in the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
(HIL-G)
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Hill International, Inc.
Hill International, Inc.
John P. Paolin, VP & Marketing and Corporation Communication
(856) 810-6210
johnpaolin@hillintl.com
The Equity Group Inc.
Devin Sullivan, Senior Vice President
(212) 836-9608
dsullivan@equityny.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
News Provided by COMTEX
13/07/2010 back to list
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Sheikh Mohammed Bin Khalifa Al Thani Dec.15 Hill International Acquires Boyken International Dec.14 Hill International Awarded Contract for Construction Scheduling Services from the New York MTA Dec.03 Hill International Receives Program Services Contract for a New Major League Baseball Spring Training Facility in Arizona No.17 Hill International Honored as the Sixth Fastest-Growing Company in New Jersey Nov.10 Peter S. 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