It says it is the largest wholly conducted contract in its history
China State inks contract for MGM Cotai
2013-05-15
Reading time 34 seg
(Macau).- China State Construction International has signed a us$ 1.35 billion deal to act as the main contractor on the construction of MGM Cotai. MGM China Holdings said that the work on the new venue would be done by two wholly owned CSCI units – China State Construction Engineering (Hong Kong) and China Construction Engineering (Macau) Company.
The developer says it is the largest wholly conducted contract in its history.
Works are expected to start on or around January 2014, while the completion date is April 2016, MGM says. The operator’s plan is to build a gaming resort with approximately 500 gaming tables, 2,500 slot machines and 1,600 hotel rooms. This is subject to government approval.
The ground breaking for the new resort took place in February. Currently, the project has a budget of us$ 2.6 billion. It will be MGM China’s second property in Macau.
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