Following a competitive tender and having obtained all required approvals by the Government of Cyprus, Integrated Casino Resort Cyprus Ltd. (“ICR Cyprus”) has announced the award of the construction of the City of Dreams Mediterranean Integrated Casino Resort to Avax - Terna J.V. (formerly known as “J&P Avax - Terna J.V.”), a joint venture which is 60%-owned by AVAX SA and 40%-owned by Terna SA. According to the principal contract, construction is set to begin in early April 2019 and is scheduled to be completed within 2021.
ICR Cyprus Awards the Construction of City of Dreams Mediterranean to Avax - Terna J.V.
