A decision has been made on the results of the restricted tender procedure „Expansion of SJSC Riga International Airport Passenger Terminal, Stage 5 – Northern Pier, Construction Stage 1”. The tender of the building company SIA „Skonto Būve” was selected as fully compliant with the terms of reference of the tender and most economically advantageous. All the bidders have been informed of the outcome of the tender process.Given the total scope and complexity of the passenger terminal expansion project, the airport carried out a comprehensive assessment of the bidders’ proposals, including an in-depth analysis of the technical and financial offers and compliance assessment with the client’s technical project. The capacity of the existing terminal was planned to provide good quality services to 3.5 million passengers per year, whereas now the airport welcomes 4.7 million passengers per year. This calls for expansion of the airport facilities in order to ensure adequate handling to the airlines and better comfort and services to passengers. The 5th stage of the airport terminal development envisages expansion of the non-Schengen area and four new boarding gates that will improve the airport’s service quality. The new pier will also be able to accommodate larger aircraft thus increasing the airport’s capacity. The pier will house new commercial facilities offering passengers a wider choice of services. Expansion of the terminal is also essential for the successful operations of the national carrier airBaltic using Riga Airport as a transit hub providing connected flights (and a minimum time of transfer) within its route network. The expansion is a material condition for providing excellent service and convenient connections. Another significant gain from the expansion of the terminal is the increased competitiveness of SJSC Riga International airport in Europe. It will be crucial in attraction of new airlines to start operations at Riga Airport as well as for boosting of the existing carriers’ business, contributing to the growth of Riga Airport as the leading air traffic hub in the Baltics. According to the current forecasts, Riga Airport is expected to attain the passenger turnover target of 5 million not later than by the year 2017. The airport will implement this project within the framework of its business activities, funding it from its income and credit resources attracted on favourable terms.