PHILADELPHIA and BUCHAREST, Romania, Oct. 18, 2017 (GLOBE NEWSWIRE) — Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that its subsidiary, Hill International N.V., will provide management consulting services to CFR S.A. for the rehabilitation of the Frontiera – Curtici – Simeria Railway Sector, part of the Pan-European Transport Corridor IV, Section 3, Lot 4 (Gurasada – Simeria). Hill will lead a joint venture with Proiect Consulting, Hill International (Bucharest) S.R.L. and S.C. Proiect Consulting S.R.L. of Romania. The contract has a value of EURO 2.35 million with VAT (EURO 1.9 million without VAT). The project duration entails 36 months of construction and a defects notification period of 24 months.
Corridor IV is one of the Pan-European transport corridors, crossing Europe from West to East with stops in Nürnberg, Praga, Viena, Budapesta, Curtici, Simeria, Braşov, Bucureşti and Constanţa. Financed by the European Union and local authorities, the project will prepare the railway in Hunedoara County to accommodate maximum train speeds of 160 km/h. Work involves the rehabilitation and modernization of the 41km railway, 17 bridges, 27 culverts, 4 overpasses and 3 underpasses, 4 rail stations and the implementation of the European Railway Traffic Management System (ERTMS).
“We are proud to have helped deliver large infrastructure development in Romania for almost 20 years, and look forward to supporting such an important rail program for the country,” says Panagiotis Methenitis, Hill’s VP and Managing Director, Balkans Region. “This project is diversifying Hill’s portfolio and will be a strong base for future investment in Romania and the Balkans region.”
Hill International (NYSE:HIL) with more than 3,000 professionals in more than 50 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.
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Hill International, Inc.
Elizabeth J. Zipf, LEED AP BD+C
Senior Vice President
Hill International, Inc.
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