PHILADELPHIA and NEW YORK, Jan. 31, 2017 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that one of the company's projects has been recognized by Engineering News-Record (ENR) as one of the magazine's 2016 Best of the Best Projects. The award will be presented to Hill at ENR's Best of the Best Projects Awards Banquet to be held on April 14, 2017 at the New York Hilton Midtown in New York City.
The project, which won in the category of Best of the Best Airport/Transit Project, was the $2.4-billion No. 7 Subway Line Extension, a 1.5-mile, two-track underground rail system that extends west and then south from the subway line's former end point at Times Square to new lay-up tracks at 11th Avenue and 25th Street. A new terminal station, the 34th Street-Hudson Yards Station, was built under 11th Avenue to accommodate the new tracks. The extension brought subway service to the far west side of midtown Manhattan for the first time. Hill, together with joint venture partners LiRo and HDR, acted as construction manager for the project on behalf of its owner, MTA Capital Construction.
ENR's 2016 Best of the Best Awards recognize the pinnacle of design and construction achievement in the entire U.S. among projects completed between May 2015 and June 2016. The nomination process included entries for more than 700 projects submitted to the regional Best Projects competitions. In each of the 10 regions, panels of judges selected the regional winners in 20 categories. Once the regional winners were chosen, the top winners in each category from each region moved up to the national competition. A new set of judges examined each winning project in an effort to distinguish the best of the best in terms of teamwork, safety, overcoming challenges, innovation and quality. The 20 national award-winning projects will be featured in more depth in the March 3, 2017 issue of ENR. Also in that issue, the editors of ENR will select one of the 20 projects as Project of the Year, which won't be revealed until the issue date.
"We are extremely honored to be receiving this award," said John Milano, P.E., Senior Vice President and Northeast Regional Manager with Hill's Project Management Group. "We congratulate the MTA and our entire joint venture team for this very successful project," added Milano.
Hill International, with 4,300 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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