Firm King-95 has been announced the winner of an open auction for a state contract to build a new passenger terminal at Yakutsk airport, new agency RIA Novosti reports.

The company reportedly offered the contract price of $13m, which is less than the starting $13.1m price.

The project is reportedly financed by the Republican Investment Company.

The new passenger terminal’s traffic capacity is 900 passengers per hour, three times more on the current capacity.