PHILADELPHIA and BELGRADE, Serbia - Hill International (NYSE:HIL), the global leader in managing construction risk, announced today it has received a contract from the European Investment Bank (EIB) to provide Technical Assistance for Infrastructure Project Facility 7 (IPF 7). IPF 7 will improve infrastructure across the Western Balkans. This includes priority projects in the transportation, environmental, energy, and social infrastructure sectors. Countries benefiting from these projects include Serbia, Bosnia and Herzegovina, Montenegro, Kosovo, Albania, and the Former Yugoslav Republic of Macedonia. These projects will enhance the quality of life for citizens across the region, generate economic activity among and between Western Balkans, and further integrate local and national economies with the European Union (EU).
Hill International NV is leading a consortium of firms, including Hill International (Bucharest) SRL, Gopa Infra GmBH, Gopa International Energy Consultants GmBH, Planet SA, DB Engineering and Consulting GmBH, SYSTEMA Consulting Limited, Cestra doo, and Trenecon Consulting and Planning Ltd. The consortium’s technical assistance will support the preparation and implementation of IPF 7’s projects, helping the EIB to confirm the investment of European taxpayers is spent efficiently, effectively, and sustainably, and that the projects will create added value for all EU members. Specific services will include feasibility studies, preliminary and detailed designs, tendering process support, supervision of works, preparatory sector studies, preparation of Terms of References, and reporting to the Western Balkans Investment Framework.
The contract has a value of more than EUR 20.7 million (USD 25.6 million) to the total consortium, and a value of EUR 8.9 million (USD 11 million) specific to Hill.
“Our consortium brings innovative approaches and award-winning techniques in managing and monitoring programs like IPF 7,” said Panayiotis Methenitis, Hill International Vice President & Managing Director Balkans. “Combined with our regional project successes and strong partnerships in the local communities, we will make certain the IPF projects directly contribute to the continuing work of bringing the Western Balkans’ infrastructure up to European standards and improving the lives of everyday citizens.”
