Hill International Awarded Contract to Manage Sakanela Development in Republic of Georgia
02 2월 2008 - 5:36AM
Business Wire
Hill International (Nasdaq:HINT), the global leader in managing
construction risk, announced today that it has been awarded a
contract by Central Plaza LLC to provide project management
services during design and construction of the $90 million Sakanela
mixed-use development in Tbilisi, Georgia. The 33-month contract
has an estimated value to Hill of approximately $4.4 million.
Sakanela is a Class A mixed-use development comprising 311
residential apartments and 120,000 square meters (1,120,000 square
feet) of commercial space. The project is located in the center of
Tbilisi,�between Rose Revolution Square and the Mtkvari River.
Construction is expected to begin in August 2008 and be completed
by August 2010. �We are honored to have been selected to manage
this extensive mixed-use development for Development Solutions,�
said Raouf S. Ghali, President of Hill�s Project Management Group
(International). �We have had tremendous success delivering this
type of project and look forward to helping our client realize
their project goals,� Ghali added. Hill International, with 1,600
employees in 70 offices worldwide, provides program management,
project management, construction management, and construction
claims services. Engineering News-Record magazine recently ranked
Hill as the 10th largest construction management firm in the United
States. For more information on Hill, please visit our website at
www.hillintl.com. This press release may include certain statements
that fall within the definition of "forward-looking statements"
under the Private Securities Litigation Reform Act of 1995. Any
such statements are subject to risks and uncertainties, overall
economic and market conditions, competitors' and clients' actions,
and other conditions, which could cause actual results to differ
materially from those anticipated, including those risks identified
in Hill�s filings with the Securities and Exchange Commission.
Accordingly, such statements should be considered in light of these
risks. Any prediction by Hill is only a statement of management's
belief at the time the prediction is made. There can be no
assurance that any prediction once made will continue thereafter to
reflect management's belief, and Hill does not undertake to update
publicly its predictions, whether as a result of new information,
future events or otherwise. (HINT-G)
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