Armenia ready to quickly advance cooperation with the US on the TRIPP project — Pashinyan
18.06.2026,
13:34
Armenia is ready to quickly advance cooperation with the US on the Trump Route for International Peace and Prosperity (TRIPP) project, Prime Minister Nikol Pashinyan stated.
YEREVAN, June 18. /ARKA/. Armenia is ready to quickly advance cooperation with the US on the Trump Route for International Peace and Prosperity (TRIPP) project, Prime Minister Nikol Pashinyan stated.
According to him, the American side has already made a preliminary decision on financing the project and created a corresponding fund, which will finance both TRIPP and other regional initiatives.
"Armenia will fulfill all its obligations under the project. The document was quickly signed, and the ratification process is currently underway. However, we must not wait for all the formalities to be completed and must move forward quickly," Pashinyan said at a briefing.
He noted that this is precisely the attitude of both the Armenian and American sides.
About the TRIPP Project
On June 4, 2026, Armenia and the United States signed the TRIPP Framework Agreement, initialed on May 26 during the visit of the US Secretary of State to Yerevan.
A day earlier, the Board of Directors of the U.S. International Development Finance Corporation (DFC) approved the establishment of the TRIPP Development Company, a joint venture between the United States and Armenia (one of four projects in DFC's $2.5 billion new strategic investment package).
The TRIPP Development Company is designed to support trade, transport, and economic development in the Caucasus region, as well as expand international, interstate, and domestic transportation connectivity.
Previously, Armenian authorities announced that the TRIPP Development Company would receive an initial right to implement the TRIPP project for a period of 49 years. The plan is to offer the United States a 74% stake in the joint venture, while Armenia will retain 26%. If the agreement is extended for another 50 years, the share ratio is expected to change.
According to him, the American side has already made a preliminary decision on financing the project and created a corresponding fund, which will finance both TRIPP and other regional initiatives.
"Armenia will fulfill all its obligations under the project. The document was quickly signed, and the ratification process is currently underway. However, we must not wait for all the formalities to be completed and must move forward quickly," Pashinyan said at a briefing.
He noted that this is precisely the attitude of both the Armenian and American sides.
About the TRIPP Project
On June 4, 2026, Armenia and the United States signed the TRIPP Framework Agreement, initialed on May 26 during the visit of the US Secretary of State to Yerevan.
A day earlier, the Board of Directors of the U.S. International Development Finance Corporation (DFC) approved the establishment of the TRIPP Development Company, a joint venture between the United States and Armenia (one of four projects in DFC's $2.5 billion new strategic investment package).
The TRIPP Development Company is designed to support trade, transport, and economic development in the Caucasus region, as well as expand international, interstate, and domestic transportation connectivity.
Previously, Armenian authorities announced that the TRIPP Development Company would receive an initial right to implement the TRIPP project for a period of 49 years. The plan is to offer the United States a 74% stake in the joint venture, while Armenia will retain 26%. If the agreement is extended for another 50 years, the share ratio is expected to change.
