Hill International Receives $55 Million PM/CM Contract from Valley Metro Rail in ArizonaPHILADELPHIA and PHOENIX, Sept. 23, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that the company, in association with principal sub consultant CH2M [see blogger's notes after video], has received a contract from Valley Metro Rail operating in the cities of Phoenix, Tempe and Mesa to provide professional consulting services for program management and construction management.
"Valley Metro Rail has an ambitious expansion program underway and we are very proud to have been selected to help them manage this program," said Michael B. Smith, Senior Vice President and Western Regional Manager for Hill's Project Management Group. . .
Their new expanded system will have a huge positive impact on the greater Phoenix region helping commuters, local businesses and the overall economy,"
Scott Smith, former Mesa mayor now Interim CEO of Valley Metro after losing out to Doug Ducey in the race to become governor of Arizona, had this to say:
"We welcome the expertise in program and construction supervision from Hill International and CH2M as expansion of our rail and high-capacity transit system continues," said Scott Smith, Valley Metro Rail's Interim CEO. "With two extensions of rail opened in Phoenix and Mesa within the past year, we realize that our most vital assets are the Valley Metro staff and consultants working in partnership to deliver projects on schedule and within budget."
Read more: Nazdaq
Here's a video from December 31, 2015 Hill International Year-End Address
According to information in Wikipedia CH2M HILL, also known as CH2M, is a global engineering company that provides consulting, design, construction, and operations services for corporations, and federal, state, and local governments.The firm's headquarters is in Meridian, an unincorporated area of Douglas County, Colorado in the Denver-Aurora Metropolitan Area. The postal designation of nearby Englewood is commonly listed as the company's location in corporate filings and local news accounts. As of December 2013, CH2M had approximately 26,000 employees and 2013 revenues totaled $5.88 billion.[3] The firm is employee-owned,[1] with an internal stock market that operates buy/sell events quarterly. CH2M HILL announced a global rebrand on 13 April 2015, adopting the nickname CH2M while retaining CH2M HILL Companies Ltd. as the firm's legal name.[4].
The firm - for curious reasons - is selling off business assets like crazy:
Their headquarters in Dallas for $122 M
Headquarters in Denver
Business assets in Alaska
In the image above right taken the source, CH2M with CH2M Hill offices is shown at the Parkside Tower in Salt Lake City, Utah
Engineering News-Record ranked CH2M #3 on their 2016 list of Top 500 Design Firms. [
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