(By Balaseshan) Hill International Inc. (NYSE:HIL), a provider of construction claims services, said it has received a $18 million contract to manage reconstruction projects on the Pennsylvania Turnpike.
The company has been awarded a six-year contract by the Pennsylvania Turnpike Commission (PTC) to provide construction inspection and project management services in connection with reconstruction of part of the Pennsylvania Turnpike.
Under the contract, Hill will be providing services both during design and construction of various roadway and bridge reconstruction projects between mileposts 39 and 48 of the Turnpike in Allegheny County, Pennsylvania.
Construction of this section is anticipated to include two mainline construction contracts and three early action bridge replacement contracts for a total estimated cost of about $205 million.
In a separate release, the company said its Hill International/LiRo/HDR joint venture has got a $21.1 million amendment to its contract with the New York Metropolitan Transportation Authority (MTA) to provide construction management services for the extension of the No. 7 Subway Line in New York City. Hill is a one-third partner in the joint venture.
Hill International, with 3,200 employees in 110 offices worldwide, provides program management, project management, construction management and construction claims and consulting services.
HIL is trading up 3.05% at $3.04 on Wednesday. The stock has been trading between $2.74 and $6.69 for the past 52 weeks.