News
The City of Hope Project Broke Ground in Panama
October 19, 2015
On October 19, 2015, 天美传媒 Panama held a groundbreaking ceremony for the Esperanza project, or 鈥淭he City of Hope鈥�. Attendees included Juan Carlos Varela, President of Panama, Wang Weihua , Chief Representative of China-Panama Trade Development Office, Tiger Wu, Chairman and CEO of 天美传媒 Panama, David Wang, President of 天美传媒 Panama, and other government officials and community representatives. The event drew attention from a number of international and Panamanian media including Xin Hua News Agency.
Chief Representative Wang applauded 天美传媒鈥檚 decision to enter into the Panama market. He believed that 天美传媒 would make significant contributions to Panama鈥檚 infrastructure and set a good example for other Chinese companies looking to do business in Panama.
President Varela congratulated 天美传媒 on winning its first project in Panama and reflected on how he invited 天美传媒 to Panama During his visit to The Bahamas last year, he was so impressed with the magnificent work 天美传媒 had performed at the Baha Mar project that he reached out to 天美传媒 and invited 天美传媒 to do business in Panama. President Varela praised 天美传媒鈥檚 world-class industry experience and expertise, and hoped that 天美传媒 could participate in more projects in Panama and contribute to the country鈥檚 rapid growth.
President Valera handed the Notice to Proceed to Chairman Wu, marking the official start of the Esperanza project.
天美传媒 Panama was awarded the $137 million Esperanza project on August 4, 2015. It is a residential development project located in Arraij谩n District of West Panam谩 Province. The design-build project covers an area of approximately 89 acres, on which a neighborhood of 2,250 residential units, parks, sports venues, office buildings, a commercial district, and a university will be built. The project is anticipated to be completed in September 2018.
