Hill International Receives Extension of Claims Assignment for Dubai Airports
January 03 2008 - 11:01AM
Business Wire
Hill International (Nasdaq:HINT), the worldwide construction
consulting firm, announced today that its contract with the
Government of Dubai�s Department of Civil Aviation (DCA) has been
extended to provide claims and contract advisory services in
connection with all DCA projects at Dubai International Airport
(DXB) and the new Dubai World Central International Airport (JXB)
located in the Jebel Ali region of Dubai. The extended contract,
which is scheduled to continue throughout the DXB and JXB expansion
programs, has an estimated value to Hill of approximately AED 40
million ($10.9 million) over the next three years. Hill commenced
its role with DCA in March 2005 providing claims management
services with respect to the DXB Concourse 2 / Terminal 3 project.
In line with DCA�s expanding project portfolio, Hill�s role has
likewise been expanded to include all other DXB Phase II expansion
projects and the new Dubai World Central International Airport
(JXB) which is planned to be one of the largest capacity airports
in the world. Dubai World Central International Airport (JXB) will
be at the heart of Dubai World Central, an aviation focused
residential, commercial and logistics program planned by the
Government of Dubai. The airport will be the world�s largest
passenger and cargo hub with a designed capacity of over 12 million
tons of cargo a year and in excess of 120 million passengers
annually and capable of handling all new generation aircraft,
including the A380 superjumbo. This new facility will have six
parallel runways, a 92-meter high control tower (the highest in the
Middle East), three terminals and will be ten times the size of the
current Dubai International Airport (DXB) and Dubai Cargo Village
combined. �DCA is a very important client to Hill International and
we are honored that they have extended Hill�s services to include
these world-class projects,� said Bill Kennedy, Vice President and
Executive Director in charge of Hill�s construction claims
operations in Dubai. Hill International, with 1,500 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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