MARLTON, N.J. and WASHINGTON, Nov. 21, 2013 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from the Volpe National Transportation Systems Center of the U.S. Department of Transportation (USDOT) to provide project monitoring and technical assistance support services to the U.S. Federal Railroad Administration (FRA). The five-year contract has an estimated value to Hill of approximately $7.0 million. The Volpe Center's mission is to improve the nation's transportation systems. In partnership with sponsoring agencies, the Volpe Center provides technical research and analysis services to the USDOT, other federal agencies, state agencies and other organizations in connection with the transportation-related components of their missions. The Volpe Center's focus is research and innovation in all areas of transportation to improve the transportation system for the future. For example, the Volpe Center supports the FRA in the area of High Speed Rail (HSR) and also monitors and provides technical assistance for the FRA's grant and loan programs. The FRA has engaged the Volpe Center to enhance the FRA's existing monitoring and technical assistance program by using the Volpe Center's expert federal and contractor resources in a manner similar to other USDOT agencies. The FRA administers grant and loan programs to assist grantees and funding recipients in financing the planning, acquisition, design, construction, and/or improvement of freight rail and intercity passenger rail infrastructure, facilities, and equipment as well as rail service operating support for Amtrak. The grant and loan programs administered by the FRA have grown exponentially in both the number of awarded projects and amount of funds available over the last several years. The FRA currently has a grant and loan portfolio comprised of over $18 billion worth of investments for more than 325 active grants and loans distributed across multiple programs for projects located throughout the entire United States. The Volpe Center, through an intra-agency agreement with the FRA, will be providing support to enhance the FRA's monitoring and technical assistance program for High-Speed Intercity Passenger Rail (HSIPR) and the Transportation Investment Generating Economic Recovery (TIGER) Discretionary Grant program.
Hill's support to the Volpe Center under this contract includes compliance and programmatic monitoring support, deliverable review and technical assistance, and training support to grantee and funding recipients. Hill will also assist in the execution of the program, including producing reports, memorandums, presentations, and training materials."We are honored to have been selected to assist the FRA with the successful accomplishment of its mission," said Vincent B. Gallagher, P.E., P.P., P.L.S., Senior Vice President and Director of Hill's Federal Transit Group. Hill International, with 4,000 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.