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


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HillInternational (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 provideproject management and construction management services for the Riyadh Metroproject. The contract was awarded under the Riyadh Advanced Metro ProjectExecution and Delivery (RAMPED) joint venture, in which Louis Berger is a 55percent majority partner and Hill is a 45 percent partner.As the intermediary between ADA and the design-build contractors, the jointventure will oversee design and construction deliverables through the projectlife cycle for Package 3, which consists of three of six lines in the newRiyadh Metro system. The contract covers a five-year performance period and a24-month defects liability period."Our team is privileged and honored to be selected for one of the largest andmost ambitious transit programs to ever be conceived," said Jim Stamatis,President of Louis Berger's international operation.  "We look forward toplaying a key role, in partnership with ADA, to deliver a transportationsystem that will support continued economic growth of Saudi Arabia's capitalcity by improving traffic congestion and connecting the citizens of Riyadh andthe Kingdom of Saudi Arabia with their visitors and guests."Package 3 includes Line 4, Line 5 and Line 6 and covers 67 kilometers of trackwith 48 kilometers of elevated alignment, 5.5 kilometers of mined tunnel, 22stations and nearly 13 kilometers of bored tunnel constructed through some ofthe most congested districts in Riyadh. Line 4 links to the King KhalidInternational Airport with a mix of elevated and at-grade sections.  Line 5will run in a bored tunnel along King Abdulaziz Street, between King AbdulazizHistorical Centre and the Riyadh Airbase. Line 6 runs in a half-ring from KingAbdullah Financial District, passing by Iman Mohammed Bin Saud University andending at Prince Saad Ibn Abdulrahman Al Awal Road."We are extremely honored to be working with our partner Louis Berger tomanage one of the largest infrastructure projects in the world on behalf ofour client ADA," said Raouf S. Ghali, President of Hill's Project ManagementGroup (International). "We have every confidence that the world-class team wehave assembled will deliver a successful Metro system for the citizens ofRiyadh."Louis Berger is a globally-recognized provider of engineering, development andmanagement support services for public and private clients.  With more than6,000 professionals and affiliate employees in more than 50 countries, theybring strategic vision and an entrepreneurial spirit to develop solutions tosome of the world's most challenging problems. They are able to respond tolocal conditions while providing clients with the technical resources andrapid response capabilities of a leading global organization. The firm hasworked in the Middle East, North Africa, and northern Mediterranean Sea bordercountries for more than 30 years, with offices in Saudi Arabia, the UnitedArab Emirates, Kuwait, Qatar and Jordan.  Louis Berger's portfolio of ongoingprojects in the region includes major highways, bridges, rail and transit,airports and buildings. For more information on Louis Berger, please visittheir website at www.louisberger.com.Hill International, with 3,900 employees in 100 offices worldwide, providesprogram management, project management, construction management, constructionclaims and other consulting services primarily to the buildings,transportation, environmental, energy and industrial markets. EngineeringNews-Record magazine recently ranked Hill as the 9th largest constructionmanagement firm in the United States. For more information on Hill, pleasevisit our website at www.hillintl.com.The Hill International, Inc. logo is available athttp://www.globenewswire.com/newsroom/prs/?pkgid=5733Certain statements contained herein may be considered "forward-lookingstatements" within the meaning of the Private Securities Litigation Reform Actof 1995, and it is our intent that any such statements be protected by thesafe harbor created thereby.  Except for historical information, the mattersset 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 regardingfuture 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 reflectedin our forward-looking statements are reasonable, actual results could differmaterially from those projected or assumed in any of our forward-lookingstatements.  Important factors that could cause our actual results to differmaterially from estimates or projections contained in our forward-lookingstatements are set forth in the Risk Factors section and elsewhere in thereports we have filed with the Securities and Exchange Commission.  We do notintend, and undertake no obligation, to update any forward-looking statement.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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