updated 12/27/2010 8:45:53 AM ET 2010-12-27T13:45:53

MARLTON, N.J., Dec. 27, 2010 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that a joint venture of the company and TranSystems Corp. has received a contract from CSX Transportation Inc. to provide construction management services in connection with the National Gateway initiative. The two-year contract has an estimated value to the joint venture of approximately $11.4 million.

The National Gateway is an $842 million, multi-state, public-private infrastructure initiative which will create a more efficient freight rail route between Mid-Atlantic ports and Midwestern markets. The project aims to increase port capacity and the nation's ability to distribute goods, making the United States more competitive in the global economy. This contract is for construction work on 43 projects along a key corridor of the National Gateway that runs through the States of Maryland, West Virginia, Pennsylvania and Ohio.

Planned improvements include raising bridges, increasing tunnel clearances and building new terminals along existing rail corridors to support the movement of double-stacked containers on rail cars. The National Gateway will create more than 50,000 jobs, with almost 10,000 of those jobs created during the initial construction phase.  Examples of projects that will benefit local economies include numerous clearance projects and the development of a new terminal in Pittsburgh, Pennsylvania.  

To date, the project has received $395 million in funding commitments from CSX.  In addition, the project was awarded a $98 million grant from the U.S. federal government through the Transportation Investment Generating Economic Recovery (TIGER) program in February.  To date, the National Gateway has secured $189 million in funding from participating states.  The coalition continues to seek the remaining funding needed to make this important project a reality.

"The National Gateway project is important for America's competitiveness," Pennsylvania Governor Edward G. Rendell said recently. "This initiative helps the environment, it helps our economy, it helps us in so many different ways," he added.

CSX Transportation, a subsidiary of CSX Corp. (NYSE:CSX), is a leading transportation company based in Jacksonville, Florida providing rail, intermodal and rail-to-truck transload services. The company's transportation network spans approximately 21,000 miles with service to 23 eastern states and the District of Columbia, and connects to more than 70 ocean, river and lake ports. For more information on CSX, please visit their website at www.csx.com .

TranSystems is a company focused exclusively on the vital transportation component of the economy. Their passion is to bring solutions directly to each client in each of their market sectors. Their technical depth within each sector is matched by their consulting expertise delivered across all sectors, including architecture, engineering, planning, management, supply chain consulting, real estate consulting and security.  For more information on TranSystems, please visit their website at www.transystems.com .

Hill International, with 2,600 employees in 90 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com .

The Hill International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5733

Certain statements contained in this press release 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 contained in this press release, the matters set forth herein including, but not limited to, any projections of 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, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth 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.


CONTACT:  Hill International, Inc.
          John P. Paolin, Vice President of 
           Marketing and Corporate Communications
          (856) 810-6210

          The Equity Group Inc.
          Devin Sullivan, Senior Vice President
          (212) 836-9608

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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