MARLTON, N.J. and MEXICO CITY, March 9, 2015 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract extension from BBVA Bancomer in connection with the Centro Operativo project in Mexico City, Mexico. The 18-month extension has an estimated value to Hill of approximately $3.0 million.
The Centro Operativo project, which will host the back office operations of BBVA Bancomer, is a 38-story tower featuring 16 levels of parking and 22 floors of office space with a total built-up area of approximately 153,000 square meters (1.65 million square feet). The project is expected to receive LEED Silver certification. Hill is providing construction management services on the project.
"We are extremely proud of our long-term relationship with the BBVA Group not only in Latin America, but worldwide," said José Manuel Albaladejo Cañedo-Argüelles, Senior Vice President and Latin American Regional Manager for Hill's Project Management Group.
"Thanks to the hard work and commitment of Hill's team working on site and in close collaboration with our client, we have been able to overcome the technical challenges of this demanding project," added Jesús Puy, Vice President and Mexico Country Manager for Hill's Project Management Group.
Spain-based BBVA is a multinational group providing financial services in over 31 countries and to 50 million customers throughout the world. For more information on BBVA, please visit their website at www.bbva.com.
Hill International, with 4,600 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the ninth 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. We do not intend, and undertake no obligation, to update any forward-looking statement.
Hill International, Inc.
John P. Paolin
Senior Vice President of Marketing and
The Equity Group Inc.
Senior Vice President