Apr
2
2007

ICF International Receives Third Task Order, Valued at US$1.3 Million, from Millennium Challenge Corporation

Program to Stimulate Economic Growth and Increase Household Incomes in Tanzania

 

 

Fairfax, Virginia, April 2, 2007 -

ICF International (NASDAQ: ICFI) announced today that it was awarded through its subsidiary ICF Incorporated, LLC, a third task order by the Millennium Challenge Corporation (MCC) under ICF’s Indefinite Delivery Indefinite Quantity (IDIQ) contract for Project Development and Management Services, and Environmental and Engineering Consulting. This task order, entitled Architectural & Engineering Consulting Services for Tanzania Due Diligence—Transport, is a four-month engagement valued at US$1.3 million. MCC is planning to invest in a program in Tanzania to stimulate economic growth and increase household incomes through targeted infrastructure investments in the transportation, energy, and water sectors. In the transportation sector, MCC proposes to provide funding for constructing and upgrading key highways and roads and two regional airports in various parts of the country.

The objective of ICF’s new task order is to provide due diligence on the technical, environmental, economic, and institutional aspects of the proposed transportation sector investments. ICF will provide overall program management as well as technical expertise in areas including environmental impact assessment, socioeconomic impact assessment, and environmental/socioeconomic impact management planning.

“ICF is pleased to work with MCC on this task order, aimed at raising the overall quality of life in Tanzania,” said Sergio Ostria, a senior vice president with ICF and expert in transportation and environmental issues. “We understand the urgency of our assignment and together with the other members of our consortium, we are ready to support MCC and the Tanzanian government in their plans to improve the transportation infrastructure in Tanzania.”

 

 

About ICF International

ICF International (NASDAQ: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 2,000 employees serve these clients worldwide. ICF’s Web site is http://www.icfi.com.

Caution Concerning Forward-looking Statements

This document may contain “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995—that is, statements related to future—not past—events, plans, and prospects. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “guidance,” “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “seek,” “should,” “will,” “would,” or similar words. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information, and are subject to factors that could cause actual results to differ materially from those anticipated. For ICF, particular uncertainties that could adversely or positively affect the Company’s future results include but are not limited to: risks related to the government contracting industry, including the timely approval of government budgets, changes in client spending priorities, and the results of government audits and investigations; risks related to our business, including our dependence on contracts with U.S. Federal Government agencies and departments and the State of Louisiana; continued good relations with these and other customers; success in competitive bidding on recompete and new contracts; performance by ICF and its subcontractors under our contract with the State of Louisiana, Office of Community Development, including but not limited to the risks of failure to achieve certain levels of program activities, termination, or material modification of the contract, and political uncertainties relating to The Road Home program; uncertainties as to whether revenues corresponding to the Company’s contract backlog will actually be received; the future of the energy sector of the global economy; our ability to attract and retain management and staff; strategic actions, including attempts to expand our service offerings and client base, the ability to make acquisitions, and the performance and future integration of acquired businesses; risks associated with operations outside the United States, including but not limited to international, regional, and national economic conditions, including the effects of terrorist activities, war, and currency fluctuations; and other risks and uncertainties disclosed in the Company’s filings with the Securities and Exchange Commission. These uncertainties may cause ICF’s actual future results to be materially different than those expressed in the Company’s forward-looking statements. ICF does not undertake to update its forward-looking statements.

For Immediate Release
Contact: Stacey Hohenberg
1.703.218.2504

 
 
 

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