MARLTON, N.J. and MANAMA, Bahrain, Jan. 21, 2014 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received an extension of its contract with Bahrain Airport Company S.P.C. to provide project management consultancy services in connection with the Airport Modernization Program at Bahrain International Airport (BIA) in Manama, Bahrain. The four-year contract extension has an estimated value to Hill of approximately BHD 6.9 million ($18.3 million).
The Airport Modernization Program at BIA includes a new master plan to serve the airport for the next 20 years as well as the design and construction of the expansion and refurbishment of the existing terminal for planned growth to 13.5 million passengers per year.
"The growth of passenger traffic at BIA necessitates this expansion program," said Raouf S. Ghali, President of Hill's Project Management Group (International). "We are honored that our client has opted to continue our management role for that program," added Ghali.Hill International, with 4,000 employees in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily on buildings, transportation, environmental, energy and industrial projects. 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, performance and achievements, or industry 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.
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