Hill International Selected as Project Manager for SmartCity Kochi
Hill international inc., the global leader in managing construction risk, announced today that it has been awarded a contract by SmartCity (Kochi) Infrastructure Private Ltd. to provide project management services for the development of the SmartCity Kochi development in India. The two-and-a-half year contract has an estimated value to Hill of approximately INR 373 million ($9.1 million).
Located in the southeastern Indian coastal city of Kochi, SmartCity Kochi will be a technology epicenter. The development, built on approximately 300 acres and developed as a Special Economic Zone, is expected to become one of India's largest business parks. SmartCity Kochi is aimed to be the platform for technological excellence where major global and local businesses will be attracted to set up their regional operations and is projected to generate more than 90,000 employment opportunities. SmartCity Kochi will provide a competitive environment and a world-class infrastructure for these companies by leveraging on its location, local government support and the reputation of SmartCity Kochi. Another important feature of the project is the development of a sustainable township based on the U.S. Green Building Council LEED standard. The first phase of SmartCity Kochi is expected to cost approximately INR 15 billion ($350 million).
Hill's services on the development will include project administration, document control, master scheduling, budgeting and cost management, project reporting, design management, value engineering, construction tendering, construction program management and claims management.
"We are very excited to be entering the Indian market with such an important project," said Raouf S. Ghali, President of Hill's Project Management Group (International). "SmartCity Kochi will be a state-of-the-art business community," Ghali added.
Hill International, with 2,100 employees in 80 offices worldwide, provides program management, project management, construction management, and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 11th largest construction management firm in the United States. .
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.
(HIL-G)
SOURCE: Hill International, Inc.
Hill International, Inc.
John P. Paolin, 856-810-6210
Vice President of Marketing and Corporate Communications
johnpaolin@hillintl.com
or
The Equity Group Inc.
Devin Sullivan, 212-836-9608
Senior Vice President
dsullivan@equityny.com
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