Hill International Awarded CM Contract for PennDOT’s I-95 Central Access Philadelphia (CAP) Project at Penn’s Landing in Philadelphia
PHILADELPHIA, May 19, 2022 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), delivering the infrastructure of change, announced today it was awarded a contract by PennDOT District 6-0 to provide construction management for the Central Access Philadelphia (CAP) project, which will replace and expand the existing cap/bridge structures over Interstate 95 (I-95) and Christopher Columbus Boulevard along the Delaware River waterfront in Center City, Philadelphia. Once complete, the CAP will support pedestrian and vehicular use, as will the extension of the South Street pedestrian bridge from the east of I-95 over Columbus Boulevard to the attractions of Penn’s Landing. Work will involve reconstructing the viaduct connection between Chestnut and Market Streets at Penn’s Landing, building a section of the Delaware River Trail along Columbus Boulevard, and repairs to underwater concrete piles in the Penn’s Landing area. Ultimately, the cap structure will cover 12 acres of the interstate trench. This ambitious urban infrastructure project is scheduled for completion in 2026 and is estimated at $225 million in total project costs. The I-95 CAP will reconnect Philadelphia’s busy Center City Waterfront with the restaurants, theaters, and shops of South Street and the Bella Vista, Society Hill, and Old City neighborhoods. The project is expected to spur an influx of private development and further renovations and expansions along the waterfront to accompany open park spaces and underground parking, pending the final design. The project is funded by PennDOT, the William Penn Foundation, and the City of Philadelphia, and will be guided by the Delaware River Waterfront Corporation, a regional economic development agency. Hill’s services for the project will include implementing a project controls system; design, construction, and other document reviews and management; addressing any challenges related to public concerns and contractor claims; schedule analyses; conducting value engineering; general construction management; and other as-needed support. Hill First Vice President, Philadelphia Operations Mark Dickinson, PMP, said of Hill’s award: “Our team has worked with PennDOT District 6-0 on projects in Philadelphia and environs for decades, including supporting the reconstruction of I-95 through the city. This award is an opportunity for Hill to put all of our Philadelphia construction management best practices and lessons learned to good use for Philly residents and visitors.” Hill CEO Raouf Ghali, added: “The I-95 CAP project is a perfect assignment for Hill. We are proud to be headquartered in Philadelphia and know the City and PennDOT well, we are experts in road and highway infrastructure projects, and we specialize in complex, multi-stakeholder undertakings. We are all excited to bring this transformative project to fruition for our city.” About Hill International Hill International, with more than 3,000 professionals in over 100 offices worldwide, provides program management, project management, construction management, project management oversight, claims and dispute resolution, advisory, 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+CSenior Vice President (215) [email protected] The Equity Group, Inc. Devin SullivanSenior Vice President (212) [email protected]
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