Hill International (HIL) Receives $16.1 Million Contract From LA County Metro Transportation Authority

May 24, 2012 4:02 PM EDT
Hill International (NYSE: HIL) has received a contract from the Los Angeles County Metropolitan Transportation Authority (Metro) to provide program management support and implementation services. The contract, which has a three-year base term and two one-year option terms, has an estimated value to Hill of approximately $16.1 million.

In November 2008, Measure R passed providing Metro with a potential $40 billion in revenue to improve transportation and transit in the Los Angeles basin. Measure R funds, which will be provided through a ½¢ increase in sales tax, will allow Metro to fund a number of transit and highway projects over the 30-year period that the measure is in effect. To accelerate key projects, Metro's Board directed Metro leadership to prioritize a set of projects for delivery within 10 years. These projects are identified in the Measure R 30/10 Transit and Accelerated Highway Program.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Corporate News

Add Your Comment