Hill International, Inc.
Nov 8, 2017
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Hill International to Support the Government of the Former Yugoslav Republic of Macedonia for the Construction of the Gradsko - Interchange Drenovo Road Section

PHILADELPHIA and ATHENS, Greece, Nov. 08, 2017 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that its joint venture with Egis International in lead has been awarded a contract from the Government of the Republic of Macedonia to provide construction supervision services for the Gradsko - Interchange Drenovo section of road Corridor X-d. The 50 month (26 months of construction and 24 months of DNP) contract has an estimated value to the joint venture of approximately Euro 3.57 million (USD 4.19 million), of which Hill's fees will be an estimated Euro 1.3 million (USD 1.5 million). 

The project will construct a new Expressway from Gradsko to Interchange Drenovo with total length of 15.5 km. Work includes construction of 5 new viaducts with lengths from 70 m to 200 m, 2 interchanges, 4 underpasses, 4 overpasses, several box and pipe culverts, dewatering and posting of traffic signs and road marking. The project must be delivered within clear time, budget and quality constraints.

"FYR of Macedonia was among the first countries in the Western Balkans to receive candidate country status for EU accession, attracting large investments from the EU and its banks. The immediate effect was much-needed political transformation and reform," explained Panagiotis Methenitis, VP and Managing Director for Balkans. "Hill is supporting the government's efforts in lifting the country's infrastructure to European standards based on our regional experience with other new EU Member States like Romania, Croatia and Bulgaria. We expect this new contract to be followed by others in near future, cementing Hill's position as market leader in the country as well as in the region."

Hill International (NYSE:HIL) employs more than 3,000 professionals and support personnel in more than 50 offices around the world, 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.

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.

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
Tel:  215-309-7707
elizabethzipf@hillintl.com

InvestorCom
John Glenn Grau
President
(203) 295-7841
jgrau@investor-com.com

(HIL-G)

Source: Hill International, Inc.

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