Hill International Selected as Project Manager for the NAC and 6th of October City Monorail Lines Project in Egypt
Hill International (NYSE: HIL) announced a significant contract for project management and supervision services for the New Administrative Capital City and 6th of October City Monorail project in Egypt. Valued at approximately $4 billion, this project will be the first monorail in North Africa, with a combined length of 98.5 km, transporting about 45,000 passengers per hour. The CEO emphasized Egypt's growth potential in infrastructure, while the project aims to connect Greater Cairo with surrounding cities, enhancing mobility and transit efficiency.
- Awarded $4 billion contract for monorail project in Egypt.
- First monorail project in North Africa, enhancing local infrastructure.
- Expected to transport 45,000 passengers per hour, improving mobility.
- None.
PHILADELPHIA and CAIRO, Egypt, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today it was awarded a contract to provide project management, design review, and implementation supervision services for the New Administrative Capital City and 6th of October City Monorail project in Egypt. Once complete, the two lines will transport approximately 45,000 passengers per hour at peak capacity, greatly improving mobility for Egyptian citizens in a safe and sustainable manner.
Hill International, Inc. CEO Raouf Ghali said of the award, “This is an exciting project for all involved, and represents the continuing strength of the North African market in general and Egypt in particular. With demographic factors, astute planning, and innovation providing an engine for growth in Egypt, we expect the country will set a global standard in executing ambitious infrastructure projects and programs like the Cairo Monorail for many years to come.”
Built by Egypt’s National Authority for Tunnels, the estimated U.S.
The project will use the design-build-operate-and-maintain (DBOM) delivery method, and includes 34 stations, including both elevated and at-grade locations, and associated works including maintenance facilities, depots, and an Operations Control Centre. The monorail will also intersect with the Cairo Metro’s Line 3 as well as Cairo’s High Speed Rail network, further connecting the dynamic Cairo region.
“Hill has a decades-long record of success in delivering mega-transportation and infrastructure projects in Egypt as well as around the world,” explained Hill International’s Senior Vice President and Africa Managing Director Waleed Abdel-Fattah. “Our team will bring the best practices and lessons learned from our assignments to make certain these new lines achieve the Authority’s goals for the project and offer a fast, safe, and clean transit solution for residents.”
About Hill International
Hill International, with approximately 2,700 professionals in more than 65 offices worldwide, provides program management, project management, construction management, and other consulting services to clients in a variety of market sectors. Engineering News-Record magazine recently ranked Hill as the eighth-largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
Forward Looking Statements
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 statements of belief or intent, any statements concerning our plans, strategies, and objectives for future operations 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, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue, and our expenses may be higher than anticipated. We do not intend, and undertake no obligation, to update any forward-looking statement.
Hill International, Inc.
Elizabeth J. Zipf, LEED AP BD+C
Senior Vice President
Hill International, Inc.
One Commerce Square
2005 Market Street, 17th Floor
Philadelphia, PA 19103
(215) 309-7707
elizabethzipf@hillintl.com
The Equity Group, Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
dsullivan@equityny.com
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