TRIPP Development Company to Receive 49-Year Land Use Rights in Armenia — Mirzoyan
16.07.2026,
12:46
TRIPP Development Company, created by Armenia and the United States as part of the TRIPP project, will receive land use and development rights in the relevant zones within the Republic of Armenia, Foreign Minister Ararat Mirzoyan announced at a government meeting on Thursday.
YEREVAN, July 16. /ARKA/. TRIPP Development Company, created by Armenia and the United States as part of the TRIPP project, will receive land use and development rights in the relevant zones within the Republic of Armenia, Foreign Minister Ararat Mirzoyan announced at a government meeting on Thursday.
According to him, the initial term of these rights will be 49 years. During this period, the United States will own 74% of the company's shares, while Armenia will own 26%.
After the 49-year term expires, the parties will be able to mutually extend the partnership for another 50 years. If extended, Armenia's share in TRIPP Development Company will be 49%, Mirzoyan said.
He noted that TRIPP Development Company will be able to establish special-purpose companies for the implementation of individual projects and attract other partners. On Armenia's Powers
Mirzoyan also emphasized that the implementation of the TRIPP project will not limit Armenia's sovereign rights.
"Armenia will retain its full sovereignty and jurisdiction over state border management, border control, and customs administration with respect to all customs procedures on the territory of Armenia within the framework of the TRIPP project," he said.
According to the minister, two more documents—a shareholder agreement and the charter of the TRIPP development company—remain to be finalized for the project to be formalized.
At a meeting on Thursday, the Armenian government approved a bill ratifying the framework agreement with the United States on strategic cooperation under the Trump Route for International Peace and Prosperity (TRIPP) project.
On the TRIPP project
The Armenian Foreign Ministry announced on June 4 that Armenia and the United States had signed the TRIPP framework agreement, initialed on May 26 during the US Secretary of State's visit to Yerevan.
A day earlier, the Board of Directors of the U.S. International Development Finance Corporation (DFC) approved the creation of 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).
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.
Armenian authorities previously stated that TRIPP Development Company would receive an initial 49-year right to implement the project. 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 initial term of these rights will be 49 years. During this period, the United States will own 74% of the company's shares, while Armenia will own 26%.
After the 49-year term expires, the parties will be able to mutually extend the partnership for another 50 years. If extended, Armenia's share in TRIPP Development Company will be 49%, Mirzoyan said.
He noted that TRIPP Development Company will be able to establish special-purpose companies for the implementation of individual projects and attract other partners. On Armenia's Powers
Mirzoyan also emphasized that the implementation of the TRIPP project will not limit Armenia's sovereign rights.
"Armenia will retain its full sovereignty and jurisdiction over state border management, border control, and customs administration with respect to all customs procedures on the territory of Armenia within the framework of the TRIPP project," he said.
According to the minister, two more documents—a shareholder agreement and the charter of the TRIPP development company—remain to be finalized for the project to be formalized.
At a meeting on Thursday, the Armenian government approved a bill ratifying the framework agreement with the United States on strategic cooperation under the Trump Route for International Peace and Prosperity (TRIPP) project.
On the TRIPP project
The Armenian Foreign Ministry announced on June 4 that Armenia and the United States had signed the TRIPP framework agreement, initialed on May 26 during the US Secretary of State's visit to Yerevan.
A day earlier, the Board of Directors of the U.S. International Development Finance Corporation (DFC) approved the creation of 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).
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.
Armenian authorities previously stated that TRIPP Development Company would receive an initial 49-year right to implement the project. 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.
