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Louis Berger/Hill International Joint Venture Awarded $265M Riyadh Metro Project Management Contract

Hill International (NYSE: HIL), the global leader in managing construction risk, announced today that its joint venture with Louis Berger has been awarded a $265 million contract by the Arriyadh Development Authority (ADA) to provide project management and construction management services for the Riyadh Metro project. The contract was awarded under the Riyadh Advanced Metro Project Execution and Delivery (RAMPED) joint venture, in which Louis Berger is a 55 percent majority partner and Hill is a 45 percent partner.

As the intermediary between ADA and the design-build contractors, the joint venture will oversee design and construction deliverables through the project life cycle for Package 3, which consists of three of six lines in the new Riyadh Metro system. The contract covers a five-year performance period and a 24-month defects liability period.

"Our team is privileged and honored to be selected for one of the largest and most ambitious transit programs to ever be conceived," said Jim Stamatis, President of Louis Berger's international operation.  "We look forward to playing a key role, in partnership with ADA, to deliver a transportation system that will support continued economic growth of Saudi Arabia's capital city by improving traffic congestion and connecting the citizens of Riyadh and the Kingdom of Saudi Arabia with their visitors and guests."

Package 3 includes Line 4, Line 5 and Line 6 and covers 67 kilometers of track with 48 kilometers of elevated alignment, 5.5 kilometers of mined tunnel, 22 stations and nearly 13 kilometers of bored tunnel constructed through some of the most congested districts in Riyadh. Line 4 links to the King Khalid International Airport with a mix of elevated and at-grade sections.  Line 5 will run in a bored tunnel along King Abdulaziz Street, between King Abdulaziz Historical Centre and the Riyadh Airbase. Line 6 runs in a half-ring from King Abdullah Financial District, passing by Iman Mohammed Bin Saud University and ending at Prince Saad Ibn Abdulrahman Al Awal Road.

"We are extremely honored to be working with our partner Louis Berger to manage one of the largest infrastructure projects in the world on behalf of our client ADA," said Raouf S. Ghali, President of Hill's Project Management Group (International). "We have every confidence that the world-class team we have assembled will deliver a successful Metro system for the citizens of Riyadh."

Louis Berger is a globally-recognized provider of engineering, development and management support services for public and private clients.  With more than 6,000 professionals and affiliate employees in more than 50 countries, they bring strategic vision and an entrepreneurial spirit to develop solutions to some of the world's most challenging problems. They are able to respond to local conditions while providing clients with the technical resources and rapid response capabilities of a leading global organization. The firm has worked in the Middle East, North Africa, and northern Mediterranean Sea border countries for more than 30 years, with offices in Saudi Arabia, the United Arab Emirates, Kuwait, Qatar and Jordan.  Louis Berger's portfolio of ongoing projects in the region includes major highways, bridges, rail and transit, airports and buildings. For more information on Louis Berger, please visit their website at www.louisberger.com.

Hill International, with 3,900 employees 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 9th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.

The Hill International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5733

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.  We do not intend, and undertake no obligation, to update any forward-looking statement.

Posted-In: News Contracts

 

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