Globe Newswire 16-Jan-2020 8:55 AM
PHILADELPHIA and ATHENS, Greece, Jan. 16, 2020 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has been selected by Fraport Greece (FG) to provide project management support and on-call technical support services under a three-year framework contract related to the upgrade, maintenance, management, and operation of 14 airports in Greece.
Following an international privatization process concluded in December 2015, FG entered into a concession agreement with the Greek State for managing, operating, and developing 14 regional airports in Greece for a period of 40 years. Specifically, these airports include mainland and island gateways at Aktion, Chania (Crete), Corfu, Kavala, Kefalonia, Kos, Lesvos, Mykonos, Rhodes, Samos, Santorini, Skiathos, Thessaloniki, and Zakynthos. Since entering the concession agreement, FG has been carrying out a capital expenditure program in excess of €415 million for the modernization, development, and/or expansion of these airports' infrastructure. Work ranges from the refurbishment of existing terminals to the construction of new landside and airside facilities with the goal of improving operational processes, safety, and travel experiences.
"These airports form a transit web throughout Greece," says Manolis Sigalas, Hill International Vice President and Managing Director for Southern Europe. "As tourism in Greece continues to surge, these upgraded hubs will help meet the demands of the industry. The airports will also facilitate regional travel and create jobs for local communities. This is an investment of national significance."
For the duration of the framework contract, Hill will support FG's in-house divisions for the management of the infrastructure works related to the European Union Aviation Safety Agency Certification compliance program for all airports, the commercial development program, the management of works associated with the environmental compliance program, and the provision of related contractual advice, among other things.
"FG's capital expenditure program will bring about much-needed upgrades for Greece's tourist and transit infrastructure, as well as the resultant financial benefits for the country," says Raouf Ghali, Hill International Chief Executive Officer. "By upgrading and expanding facilities, FG is improving processes and the overall customer experience. We are delighted to be supporting this client as they bring Greece's airports into the 21st century. This assignment is a testament to the breadth and depth of services that Hill can provide on airport projects across Europe and internationally."
About Hill International
Hill International, with approximately 2,700 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.
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Hill International, Inc.
Elizabeth J. Zipf, LEED AP BD+C
Senior Vice President
Hill International, Inc.
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Hill International, Inc.
Senior Vice President and Chief Financial Officer