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Jun 28, 2018

Hill International to Provide Project Management Services for the Stavros Niarchos Foundation’s “Health Initiative” in Greece

PHILADELPHIA and ATHENS, Greece, June 28, 2018 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced it has been selected by the Stavros Niarchos Foundation (SNF) to provide Program and Project Management Services for the SNF’s “Health Initiative’ grant program in Greece.

The Stavros Niarchos Foundation (SNF, www.SNF.org), one of the world’s leading private philanthropic organizations, recently announced its intention to support the Greek Health sector with a series of grants totaling at least USD$238 million. On March 21, 2018, the SNF and the Greek State signed a Memorandum of Understanding (MoU) for the grant initiative, marking the first step in establishing this philanthropic partnership.

The Program includes the design, construction, and outfitting of a new building for the General Hospital of Komotini, a Children’s Hospital in Thessaloniki, and a building to be erected in the current location of the Sisters’ House and Nursing Sisters’ buildings in the premises of the General Hospital “Evangelismos”, in Athens, in order for it to serve as the Chair of the University’s Faculty of Nursing.

The SNF’s Health Initiative grant  also includes the procurement of new equipment, as well as the maintenance of existing equipment, with the aim of strengthening the capability and efficiency of the National Center for Emergency Care’s (EKAV) air ambulance services, the procurement and installation of special medical equipment such as Positron Emission Tomography (PET) and radiopharmaceutical production units in selected public medical institutions across the country, as well as the formulation and implementation of educational programs regarding hospital infections and the treatment of trauma.

SNF’s distinguished project team includes internationally acclaimed architect Renzo Piano (RPBW) working in collaboration with the highly regarded Greek architectural firm Betaplan and specialist healthcare design consultant Llewelyn Davies. Johns Hopkins University and Johns Hopkins Medicine International is collaborating with the SNF in an advisory capacity.

Hill International will be providing project management for the three construction projects that are part of the Program from the preliminary phase through to hand over to the Greek State and the defects liability period.

“This Program provides much-needed investments in the local communities and will greatly benefit Greece’s healthcare sector as a whole” said Manolis Sigalas, Hill’s VP and Managing Director, Southern Europe. “We share SNF’s vision and objectives. We are delighted and honored to support SNF in delivering this program of national significance.”

About Hill International

Hill International, 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.

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 projections of revenues, earnings, or other financial items; any statements concerning our plans, strategies, and objectives for future operations; and any statements regarding future economic conditions or performance, 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+C
Senior Vice President
Hill International, Inc.
One Commerce Square
2005 Market Street, 17th Floor
Philadelphia, PA 19103
Tel: 215-309-7707
elizabethzipf@hillintl.com

Hill International, Inc.
Marco A. Martinez
SVP & Interim Chief Financial Officer
Tel:  215-309-7951
marcomartinez@hillintl.com

InvestorCom
John Glenn Grau
President
Tel: 203-295-7841
jgrau@investor-com.com

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Source: Hill International, Inc.