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PHILADELPHIA and RIO DE JANEIRO, Brazil, Aug. 13, 2015 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that its Brazilian subsidiary Engineering S.A. has received a contract from the City of Rio de Janeiro to provide project management services in connection with the Parque Deodoro Olympic Complex. The four-month contract (August to November 2015) has an estimated value to Hill of approximately R$10.6 million ($3.0 million).
The R$835 million ($260 million) Parque Deodoro Olympic Complex will host fifteen sports during the 2016 Summer Olympic and Paralympic Games and will be the second biggest competition center of the games.
"We are extremely honored to have been awarded this contract by the City of Rio de Janeiro," said José Manuel Albaladejo Cañedo-Arguelles, Senior Vice President in charge of Latin America for Hill's Project Management Group. "It is an honor to be supporting the facility and infrastructure needs of the Rio 2016 Olympics," added Albaladejo.
Hill International, with 4,800 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 seventh 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.
|Hill International, Inc.|
|John P. Paolin|
|Senior Vice President of Marketing and|
|The Equity Group Inc.|
|Senior Vice President|