Hill International to Provide Technical Assistance for Bucharest’s Glina Wastewater Treatment Plant
28 July 2021 - 10:15PM
Hill International (NYSE:HIL), delivering the infrastructure
of change, announced today it was selected by the Municipality of
Bucharest to provide technical assistance for Phase 2 of the Glina
Wastewater Treatment Plant project, one of the largest
environmental projects in the country.
Valued at more than $400 million, the project
comprises the expansion of the largest wastewater treatment plant
in Romania with a secondary stage, tertiary stage, and sewage
sludge line. Other components of the project include the
construction of a sludge incinerator and works to reduce
groundwater infiltration in Bucharest’s sewer system. A key part of
Romania’s Large Infrastructure Operational Program, which promotes
sustainable economic growth and the efficient use of natural
resources, the project will help the Municipality better serve the
2.5 million inhabitants of the Bucharest Metropolitan Area with
quality sewage infrastructure.
As part of an international consortium, Hill will
provide technical assistance for all works supervision services,
acting as the engineer and maintaining adherence to International
Federation of Consulting Engineers (FIDIC), European Union (EU),
and national specifications. Hill will support the project through
pre-construction, construction, and post-construction stages. Works
are expected to last until 2028. The EU is financing the project
with its Cohesion Fund.
“The completion of the Glina Wastewater Treatment
Plant and sewerage works represents a major challenge for
Bucharest,” says Panagiotis Methenitis, Hill Vice President and
Managing Director for the Balkans. “This is due to the complexity
of rehabilitating old infrastructure to meet international
standards, without dramatically impacting day-to-day life. We are
proud the Municipality has entrusted Hill to be their partner in
this project, which will positively impact millions of people.”
“As infrastructure spending ramps up across the
Balkans, Hill is the right partner for major urban construction
programs,” says Hill Chief Executive Officer Raouf Ghali. “Romania
alone expects to receive some $95 billion in total investment in
the coming years, and our teams are exceptionally experienced in
helping local governments across the region deliver transformative
infrastructure with minimal disruption, the highest emphasis on
safety, and in compliance with FIDIC and EU specifications.”
About Hill International
Hill International, with more than 2,800
professionals in 72 offices worldwide, provides program management,
project management, construction management, 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)
309-7707elizabethzipf@hillintl.com
The Equity Group, Inc. Devin
SullivanSenior Vice President (212)
836-9608dsullivan@equityny.com
Hill (NYSE:HIL)
Historical Stock Chart
From Apr 2024 to May 2024
Hill (NYSE:HIL)
Historical Stock Chart
From May 2023 to May 2024