The Nassau Guardian, the largest newspaper in the Bahamas, recognized that the full completion of THE POINTE project will become an important catalyst for the recovery of the island’s economy and will promote further development of local tourism.

As the only mixed-use development in downtown Nassau with its Margaritaville Beach Resort, the One Particular Harbour residential building, Fins Up! Water Park, Pointe Marina and various entertainment options, THE POINTE is the region’s most anticipated destination for 2020.

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Outdoor relaxing spaces built for One Particular Harbour at THE POINTE.

Beautiful ocean view from the bathroom of One Particular Harbour.

The British Colonial Hilton is one of the most iconic and distinct hotels on the island of New Providence, the Bahamas. Situated in the heart of Nassau’s city center in the financial and shopping district, the British Colonial Hilton provides guests with a first-class, luxurious blend of business and pleasure. Featuring 288 rooms and suites, the hotel offers an array of recreational facilities, including a private beach, freshwater swimming pool overlooking the harbor, full fitness center and non-motorized water sports.

The reception desk at the British Colonial Hilton Nassau Hotel.

In April, ������ý signed the $1.06 billion facility agreement for the Argentina PPP Project Corridor B at the first Belt and Road CEO Conference in Beijing. Signing the agreement at the conference was a milestone for the project, ������ý’s first P3 project and the first P3 project in Argentina awarded to a Chinese company. The achievement was the result of teamwork and synergy between China and Argentina.

2. One Thousand Museum Achieves Substantial Completion and Wins Industry Awards

In June, One Thousand Museum, the Zaha Hadid-designed skyscraper in downtown Miami, received its temporary certificate of occupancy. This uniquely designed residential tower stands 63 stories tall and offers a six-star lifestyle with amenities, including private elevators, multiple pools, private rooftop helipad, event space, indoor aquatic center and a sky lounge. Recognized as an engineering breakthrough in 2019, it has won multiple awards since its substantial completion, including ENR’s 2018 Best Global Project – Specialty Construction, ENR’S 2019 Best Regional Projects Award in the residential category, ENR’S 2019 Excellence in Safety Award of Merit, International Property Awards 2019 – Americas Residential High-Rise Architecture Award, South Florida Business Journal (SFBJ) 2019 Structure Awards – Best Architecture and Design Project and ACEC New York – 2019 Diamond Award in Engineering Excellence.

3. Award-Winning Baha Mar Boosts Resort Business in the Bahamas

In April, the Baha Mar Resort project won the China Construction Industry Association’s Luban Award, the Chinese construction industry’s most prestigious award. The biennial award recognizes ������ý’s excellent performance on the largest resort project in the Western Hemisphere. Winning the award acknowledges ������ý’s high-quality work and strong quality control. Since Baha Mar’s opening, revenue per available room was up 27 percent, and the Bahamas has been attracting more luxury travelers.

4. Plaza Construction Completes Tallest Residential Building in SoHo

Plaza Construction has completed 565 Broome Street, the tallest residential building in SoHo, New York City. The 330,000-square-foot project, which includes 115 condominiums in two 25-story towers is Pritzker Prize-winning Renzo Piano Building Workshop’s first residential project in New York City. The cast-in-place towers’ envelope consists of a custom-profile aluminum and glass curtain-wall system with curved glass corners to maximize views of the Hudson River and SoHo neighborhood.

5. ������ý BD’s Collaboration Enables ������ý’s CMI Data Center Project Win

In June, Plaza Construction was awarded the contract to build the China Mobile International (CMI) Data Center Development project in San Jose, Calif. Seamless collaboration between Plaza Construction, ������ý South America and ������ý UniBuy resulted in winning the contract to build the approximately 287,000-square-foot project that includes a 9,000-square-foot substation enclosure. The two-story data center and five-story office building will be ������ý’s first data center project in California. The project is strategically important for the company for market expansion and business innovation.

6. Royal Caribbean Headquarters Expansion Breaks Ground

Plaza Construction broke ground in November on Royal Caribbean Cruises Ltd. (RCCL) new headquarters and campus redevelopment project in Miami. RCCL, which is publicly traded on the New York Stock Exchange, is one of the largest employers in South Florida. The project includes a new 10-story, 350,000-square-foot building, a 1600-space parking garage, a 30,000-square-foot daycare and gymnasium building, the renovation of two existing buildings totaling approximately 300,000 square feet and redevelopment of the entire campus and all amenities.

7. Gerritsen Inlet Bridge Wins Multiple Awards

In April, the Shore (Belt) Parkway Bridge project over Gerritsen Inlet in Brooklyn won the 2018-2019 Construction Achievement Project of the Year Award from the Metropolitan Section of the American Society of Civil Engineers and the 2019 Project of the Year from New York State Society of Professional Engineers. Completed by ������ý Civil in October 2018, the new bridge carries more than 200,000 vehicles daily and is a vital transportation link in Brooklyn.

8. Amador Convention Center Opens to Public

The Amador Convention Center opened to the public in May with its first event during the 2019 International Workers’ Day. The opening brought together former Panamanian President Juan Carlos Varela and Chinese Ambassador to Panama Wei Qiang and approximately 3,500 construction workers. Upon completion, the Amador Convention Center will be the largest and most advanced international convention and exhibition center in Central America.

9. New York Infrastructure Project LIRR on Schedule

The Long Island Rail Road (LIRR) Expansion Project, a signature project for ������ý, is moving forward on schedule. In June, the replacement of the 66-year-old Cherry Lane bridge was completed, and in July, the elimination of the first under-grade crossing at Urban Avenue was achieved. The two milestones were reached within 48 hours over the weekend by following a strict schedule. ������ý Civil not only fulfilled its commitment of on-time delivery but also improved road safety, the commuting system and the regional economy.

10. Shore House Completes and Welcomes Residents Home

In March, Shore House, a 72-unit boutique condominium developed by Strategic Capital and built by Plaza Construction, officially commenced closings and received its first TCO. Meanwhile, Shore House also welcomed residents home. Shore House is part of the larger Park and Shore development, the first condominium development in the area in nearly a decade and the fastest-selling new development in Jersey City. Its combination of Manhattan-caliber amenities, high-quality design, unprecedented views and beautiful waterfront location has garnered significant interest from buyers and brought vibrancy to the community.

With a positive outlook of the Bahamian hospitality and tourism market, ������ý invests and develops The Pointe in Nassau, The Bahamas, which partners with Margaritaville.
“The resort, with Jimmy Buffett’s Margaritaville brand as a partner, is slated to open next August. The group says it is confident it can attract guests to its 150-room resort and buyers for the accompanying 126 residences.”

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Bahamas Resort Business Booms, as Neighboring Destinations Struggle

As both the first manufacturing plant Hailiang has built in the United States and the first Chinese investment in Sealy, the Hailiang Texas Copper Manufacturing Plant project is being warmly welcomed by local communities. The project is expected to bring 250 jobs to the city and bolster local economic development and the county’s education system.

������ý has a long-standing connection with Houston dating back to 2003 when the company helped with the Chinese Consulate General in Houston expansion project. In May of 2015, ������ý purchased Broadstone Post Oak, a luxury rental building in Houston, marking the company’s debut in the booming Texas real estate markets. Now with the Hailiang Copper Manufacturing Plant project, ������ý will delve deeper into the local construction market.

Hailiang Texas Copper Manufacturing Plant project

Rendering of CMI Data Center Development Project

During the meeting, Mr. Yong Zhou and President Varela had an in-depth conversation about CSCEC’s vision for Panama and ������ý’s operations in Panama. President Varela said the construction of the Amador Convention Center project and the City of Hope project by ������ý demonstrates CSCEC’s strong capability of building and delivering high-quality projects globally. He said CSCEC represents the gold standard of Chinese companies doing business abroad and noted that through ������ý, CSCEC not only helped Panama cultivate and train outstanding engineers but also provided opportunities to showcase Panama’s regional advantages and serve as a platform for bringing Panamanian engineers to the company’s projects to other countries in Latin America. He said he hopes that CSCEC will increase its investment in Panama and continue to facilitate the win-win cooperation between Panama and China on the Belt and Road initiative, which benefits the local people.

Mr. Yong Zhou thanked President Varela for his trust, encouragement and support of CSCEC in Panama and confirmed that CSCEC will continue to work diligently on projects and make every effort to ensure that the Amador Convention Center will achieve the substantial completion by the end of April. CSCEC is confident in the Panamanian market and plans to remain in the country and contribute to its prosperity and development.

CSCEC Vice President Yong Zhou and Panamanian President Juan Carlos Varela at the meeting. Photo credit: Ministry of the Panamanian Presidency

The 538-kilometer B line project is planned for a contract period of 15 years, including five years of construction and 10 years of operation. The EPC contract work scope includes the design, construction, upgrade and operation maintenance of the highway.

The highway project passes through the provinces of Buenos Aires and La Pampa, which are two important industrial and agricultural economic zones in Argentina. After the completion of the project, it will become a highway with a speed limit of 130 kilometers per hour. The highway also will play a key role in accelerating economic growth in the region by effectively contributing to the government’s tax revenue, creating employment opportunities and boosting the development of relevant industries.

The successful signing of the project marks another historic breakthrough for CSCEC in the infrastructure market in Latin America, further proving the comprehensive strength of ������ý’s construction and operation of international projects. ������ý is committed to abiding by the contract specifications and delivering a high-quality project.

Vice President of ������ý South America Gang Shao (middle) signs the P3 contract of Argentine National Road B Line franchise project.

������ý South America signs the Agreement of Project Fund and Agreement of Taking-over Project on July 31.

The MOU was signed by Jamaican Prime Minister Andrew Holness and CSCEC Vice President Xuexuan Zheng. Also attending the signing ceremony were: Chinese Ambassador to Jamaica Qingbao Niu; Economic and Commercial Counselor Jianghong Fan; ������ý South America President Tiger Wu; Executive Vice President Daniel Liu; and members of the visiting CSCEC delegation.

Phase I of the project includes the development of 17 ministries, departments and agencies, as well as other commercial and residential buildings, the National Museum and Jamaican Parliament. Phase II will add cruise terminals, light rail, transportation hubs and more commercial and residential buildings. This large-scale project will bring significant benefits, including improved office efficiency for Jamaican government agencies and organizations and a better living environment for the Jamaican people.

“The vision is to build buildings that represent the future of Jamaica; that show the aspirations of the Jamaican people; structures that when we look at them we can say we are leaving legacies for future generations,” Prime Minister Andrew Holness said.

He also noted that the development will also serve as a catalyst for the revitalization of downtown Kingston and its environs, particularly along the waterfront area. In addition, Prime Minister Holness highlighted that the government would “ensure that the regulatory environment works in an efficient and supportive way” and “ensure security for our Chinese partners who will be working in Jamaica.”

Ambassador Niu noted that the project is the first government facility project and the largest project signed between a Chinese state-owned enterprise and the Jamaican government. He said he believes that ������ý will achieve rapid and sustainable growth in the Jamaican market. Before the signing, the CSCEC delegation visited Ambassador Niu at the Chinese Embassy, where he was briefed about ������ý’s business aspirations and plans in the Caribbean and South America. Development opportunities in Jamaica also were discussed.

Achieving an increasing presence in the Caribbean and South American markets in recent years, ������ý entered Jamaica in September 2016 and has since made significant progress in local business development.