It appears that the existing landing strip in Rio Hato, about 90 minutes west of Panama City, will be upgraded to receive international flights, according to a recent announcement by Panama’s President Ricardo Martinelli.
Machine Translation From La Prensa, February 19, 2011
The President, Ricardo Martinelli, announced that the town of Rio Hato, Cocle Province, will be the site for the construction of international airport in central provinces.
The president and the doubts cleared after several months of controversy in which local authorities and civic organizations in regions such as Aguadulce, Anton, Penonomé, Santiago and Chitre have demonstrated, even in the streets, demanding the venue for this work.
“It will be in Rio Hato, is decided,” Obama said while it reported that Santiago was discarded because it will make a huge investment to improve existing conditions and expand the airport Ruben Cantu, of this city.
“We will invest in building an international airport of Howard, the central provinces, which will be in Rio Hato, and improved structures Enrique Malek in David, to have international status,” added the president.
Martinelli also announced it will build another airport in Santa Catalina, Sona district, where international flights arrive, but will not be such a large structure in this tourist area.
The president’s announcement came this weekend in the district of Sona, where Martinelli made a tour of two days in this region of his native Veraguas.
Earlier this year, the administrator of the Panama Tourism Authority (PTA), Solomon Shamah, revealed that after several technical and economic studies had determined that the international airport would be built in central provinces currency, central region country or in the city of Santiago. However, Martinelli emphasized that both locations were ruled out for this work.
Source: La Prensa Newspaper, Panama
http://mensual.prensa.com/mensual/contenido/2011/02/19/uhora/local_2011021915000555.asp
The new airport would also free up Panama City’s Tocumen International Airport to accept more flights for business and connecting flights in an effort to secure Panama’s position as a hub for business and commercial activity in the region.
The new airport will serve to boost tourism along the Pacific beaches of Panama where several beach resorts and condo developments are located. The new airport will also improve international access to the town of Penonome, which is only about a 20 minute drive from Rio Hato.
Penonome Location Map
Penonome is strategically located close to Panama's primary beach resort area
‘Best Value Lifestyle’
On February 5, 2010, we posted an article entitled “Penonome – Best Value Lifestyle In Panama”. The article was based on the idea that Penonome remains one of few areas in Panama that still offers low priced real estate amidst a friendly town atmosphere with attractive mountain scenery and all the comforts of home.
‘Free Special Report’
In the same article we identified several more benefits of living and investing in Penonome which included close proximity to prime beaches, golf, surfing, fishing, mountain scenery, ranching, and gardening and yet close enough to Panama City to drive to and from the city on the same day. As a follow up to the article, we also produced a Free Special Report about Penonome (to receive this report send an email request to info@retireworldwide.com).
‘Local Economy Is Growing’
The local economy in Penonome is growing as a result of export-grade agricultural production and job growth from nearby beach resort developments. Recent construction of a brand new large-scale supermarket (Super 99), new bank branches, new gourmet restaurants, and many other new businesses are a testament to Penonome’s existing and future potential as an attractive place to live and work. The announcement about an international airport makes the argument for living and investing in Penonome even more convincing.
Sweet Tamarindo is a new gourmet restaurant now open in Penonome
‘Property Values 50% to 75% Cheaper’
While property values throughout most of Panama are sinking like a balloon with a slow leak, Penonome properties are more likely to appreciate as agricultural land is gradually developed for residential and commercial uses.
Property values in Penonome were spared from the rampant real estate speculation that occurred in communities like Boquete, El Valle and Altos Del Maria. Currently Penonome offers real estate priced 50% to 75% cheaper than the more well known international communities in Panama. A half acre home site in Boquete or Altos Del Maria might run $75,000, whereas in Penonome you can purchase five acres for around the same price. How long this price discrepancy will last is anyone’s guess but a new international airport could be a game-changing event for Penonome.
Get A Free Special Report about Living and Investing In Penonome, send an email requesting the report to info@retireworldwide.com
Inquire About Day Trip Lifestyle Tours To Penonome from Panama City, send email to info@panamaatyourservice.com for details.
[...] like Panama. We mentioned the announcement of the new airport at Rio Hato over a year ago in this post. And while new real estate developments in Panama are frequently announced and then delayed for [...]
panamenos de nacimiento, crecidos en New York,despues de 40 anos queremos regresar a el area de Penonome;podriamos obtener informacion de viviendas para rentar? gracias
The construction of the new airport at Rio Hato started in Jan 2012 and is well under way. The Pan-American Highway will have to be lowered to allow for the continuation of the existing runway from one side to the other. All this work is progressing well and it looks like the completion date of Dec. 2012 will be met.
This is good news for all the Expats living in the area between Penenome and Chame.
We are selling our 3 bedroom 3 bath house on a 9 hole golf course/pool/tennis. 1 KM from the town of Chitre in a developement called villas del golf chitre. We bought the house to retire in but have now realized it we wont be retiring for another 15 years! This house is in a subdivision with great neighours from Panama, Canada, us, and Bolivia. House is selling with ALL contents. from the airconditioners to the dishes. 120,000 firm.
please send a copy of your special report on penonome.
thanks, Pat and Nancy Webb
I live in Canada. I have been to Pamnama twice in the last 3 years. I plan to buy a modest winter home in the region witnin the next year or two. Please send me as much info. as possible.
Thank you in advance.
This is for michael Koszegi – We have a small 3 bedroom home for sale in Rio Hato. It is titled. We speak/write English/Spanish. If interested please e-mail : clyben@ hotmail.com
Please send any updated information on investing in Penonome to include acreage. Thanks,Al
Please send me all information about Penonome real estate and the proposed Intl. Airport. Thanks
Please forward info on real estate opportunities in the area.
Thanks Much
Richard. (Canada)
Please send me the report as well, thanks.
It is my understanding that the proposed airport in Penonome is not being funded at this time. The airport in David, however is being funded for expansion so that it can accept international flights.
Jon, We have heard similar reports, although nothing has been finalized as far as we know.
Kindly send any info on Penonome and anything on the needs or exsiting shelters for women/children/teen pregnancy. We are checking out Panama and Ecuador to live and serve in the community in the near future.
joe.gomez2009@yahoo.com
God bless
Joe
Salvo Para Servir
please send me a report on penonome
Yes, please send me more information
on Penonnome, and opportunities to
visit, learn more in person.
Looking forward to receiving it,
Cynthia Fishman
would like more info re:penonome. also as a rn at age 48 how can i earn an income from a briefcase? waiting eagerly for reply mm
I am interested in 5 or more acres in Penonnome. Will be in Panama from 10 June to i July. Woukld like to drive down and see some property. Is there a number I could call while in Panama?
I am intersted in purhcasing 5 acres of land or a swmall two bedroom house.
I would like a copy of both reports.
thank you jim
Please forward your report on living and investing in Penonome. Al
I was stationed at Fort Gulick outside of Colon City.
Several Years ago a real estate Firm was going to fly me out there to look at Condo’s as their Guest.I think they were scammers involved with “Time Share”.
I never heard back.I also think that I might have contacted you guys as well.
please send me more info about penenome
Could you please send me the special report on Penonome(and also lifestyle tours to Penonome from Panama City) if you are able.
Many thanks,
Robert Herrity
Interested in all information in Penonome region to retire there.
Thank you very much in advance.
Mercedes Jatel
send me the penonome report please