Hill International Receives $25 Million Contract to Manage Construction of the Scudder Falls Bridge Replacement Project
PHILADELPHIA, Nov. 01, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE: HIL), the global leader in managing construction risk, announced today that the company has received a contract from the Delaware River Joint Toll Bridge Commission (DRJTBC) to provide construction management services for the Scudder Falls Bridge Replacement Project. The five-and-a-half-year contract has an estimated value to Hill of approximately $25.0 million.
The DRJTBC is preparing to undertake bridge, interchanges and approach roadway improvements to the Scudder Falls Bridge, originally constructed in 1959, that carries I-95 over the Delaware River between Bucks County, Pennsylvania and Mercer County, New Jersey. As part of the Scudder Falls Bridge Replacement Project, a full bridge replacement with twin structures will be constructed, one for each roadway (northbound and southbound), with each having three travel lanes along with standard auxiliary lanes (two auxiliary lanes in the northbound direction and one auxiliary lane in the southbound to process exiting and entering traffic to and from the bridge to the interchanges on both sides of the river) and both left and right shoulders.
Hill will be supported on the contract by principal subconsultants Jacobs Engineering Group, Inc. and Joseph Jingoli & Son, Inc.
“We are honored to have been selected to manage construction of this critically-needed infrastructure improvement project,” said Michael V. Griffin, P.E., Senior Vice President and Mid-Atlantic Regional Manager for Hill’s Project Management Group.
Hill International, with 4,500 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. 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.
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 projections of revenues, 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 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.
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