Hill International to Provide Supervision Services for Kosovo’s Rehabilitation and Upgrade of Phase 2 of Rail Route 10

Rhea-AI Summary

Hill International (NYSE:HIL) announced it secured a contract with Kosovo Railways JSC (INFRAKOS) for supervision services on Phase 2 of Rail Route 10's rehabilitation. This phase will upgrade a 34.4 km segment between Fushë Kosovë and Mitrovicë, enhancing traffic safety and operational speed. Hill continues its commitment to sustainable development in Kosovo, supervising over 100 km of railway rehabilitation. This win reinforces Hill's presence in the Balkans, following ongoing support for Phase 1 since 2019.

Positive

• Secured contract for Phase 2 of Rail Route 10 rehabilitation.
• Continues to supervise over 100 km of railway rehabilitation in Kosovo.
• Strengthens Hill's presence and reputation in the Balkans.

Negative

• None.

PHILADELPHIA and PRISTINA, Kosovo, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), delivering the infrastructure of change, announced today it was awarded a contract by Kosovo Railways JSC (INFRAKOS) to provide supervision services for Phase 2 of the rehabilitation and upgrade of Rail Route 10.

Rail Route 10 connects Kosovo’s railway network with the regional and pan-European network and was last overhauled 40 years ago. Phase 1 of the Route 10 project, which Hill also supports, involves a span connecting Fushë Kosovë, just outside of Pristina in central Kosovo, with North Macedonia. Phase 2 involves rehabilitating and upgrading a 34.4 km segment of the route from Fushë Kosovë north to Mitrovicë. These efforts aim to secure the long-term future of the line while increasing traffic safety and enabling a higher operating speed. Work at Fushë Kosovë station includes passenger facilities, a freight station, maintenance workshops, and a locomotive depot.

As part of an international consortium, Hill will provide construction management technical and financial supervision of the works for the project in accordance with the FIDIC Conditions of Contract and relevant national legislation.

“We are happy to continue our mission to support sustainable development in Kosovo,” says Hill Vice President and Managing Director for the Balkans Panagiotis Methenitis. “With Phase 2 of Rail Route 10, our teams in Kosovo are currently supervising more than 100 km of railway rehabilitation in the country. Once executed, these rail projects will improve the lives of hundreds of thousands of Kosovars.”

Raouf Ghali, Hill’s Chief Executive Officer, adds: “Hill has been supporting INFRAKOS on Phase 1 of the Rail Route 10 project since 2019. With this win, our local team in Kosovo demonstrates that Hill’s best sales pitch is our services. Their great work has expanded our presence in Kosovo and reinforced Hill’s reputation throughout the Balkans and Europe.”

About Hill International

Hill International, with more than 2,900 professionals in 70 offices worldwide, provides program management, project management, construction management, project management oversight, facilities management, and other consulting services to clients in a variety of market sectors. Engineering News-Record magazine recently ranked Hill as one of the largest construction management firms 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
(215) 309-7707
elizabethzipf@hillintl.com

The Equity Group, Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
dsullivan@equityny.com

FAQ

What is Hill International's recent contract with Kosovo Railways about?

Hill International was awarded a contract to provide supervision services for Phase 2 of the rehabilitation of Rail Route 10.

What are the objectives of Phase 2 of Rail Route 10 in Kosovo?

Phase 2 aims to rehabilitate and upgrade a 34.4 km segment to improve traffic safety and allow higher operating speeds.

How long has Hill International been involved in the Rail Route 10 project?

Hill has been supporting Phase 1 of the Rail Route 10 project since 2019.

What impact does the Rail Route 10 project have on Kosovo?

The project will enhance the railway infrastructure, improving the lives of hundreds of thousands of Kosovars.

What does Hill International's work on Rail Route 10 entail?

Hill will provide construction management and technical and financial supervision in accordance with FIDIC Conditions of Contract.