PHILADELPHIA and BUCHAREST, Romania, Feb. 14, 2019 (GLOBE NEWSWIRE) — Hill International (NYSE:HIL), the global leader in managing construction risk, announced it has been awarded a contract by S.C. Apa Canal S.A. Galati to provide project management and works supervision services for the development of water and wastewater infrastructure in Galati County, Romania, for projects under the European Union financing program 2014-2020. Hill is leading a consortia to provide the necessary support for the project.
Located in Galati County, the regional program is valued at €173.5 million (USD $195.7 million). Hill will verify the successful implementation of the funds provided by the European Union through its Large Infrastructure Operational Program (LIOP) under the Treaty of Accession. Contract services include project management, project publicity, sludge management strategy, industrial wastewater management, implementation of a GIS system, and supervision of works.
S.C. Apa Canal S.A. Galati specializes in the management of water resources in the region, including the capture, treatment, and distribution of water, as well as the collection, transport, and purification of wastewater. The company’s development of water and sewage systems is critical to achieving EU-defined objectives for clean water for Romania’s smaller and medium-sized communities.
“With more than 20 years of experience in developing infrastructure in the Balkans, Hill is honored to have been selected by S.C. Apa Canal S.A. Galati to add to our environmental projects portfolio,” explained Panayiotis Methenitis, Hill’s Vice President and Managing Director, Balkans. “We look forward to teaming up with their specialists to support the successful investment of European Funds in Romania’s infrastructure.”
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; and any statements regarding our intent to file late periodic reports or relisting on a national securities exchange, 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, our expenses may be higher than anticipated, and the review of the Company’s accounting, accounting policies and internal control over financial reporting, and the preparation of and the audit or review, as applicable, of filings may take longer than currently anticipated or additional restatement adjustments may be identified. 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) 309-7776
toddweintraub@hillintl.com
InvestorCom
John Glenn Grau
President
(203) 295-7841
jgrau@investor-com.com
(HIL-G)