U.S. Company to Oversee TRIPP for 49 Years, with Possible 50-Year Extension, Mirzoyan Says

WASHINGTON, DC — Armenia’s Foreign Minister Ararat Mirzoyan responded to media questions in Washington following the publication of the joint statement on the Armenia–U.S. implementation framework for the “Trump Route for International Peace and Prosperity” (TRIPP) initiative, providing further details on the agreement.

The foreign minister repeatedly emphasized that TRIPP will be implemented under the full sovereignty of the Republic of Armenia—a point that is referenced several times in the documents, including in the text of the joint statement itself.

Mirzoyan also noted that a U.S. company will initially be responsible for TRIPP for a period of 49 years, with the possibility of an additional 50-year extension. Armenia will grant development rights for the implementation of the TRIPP project, but no Armenian land will be alienated as part of the process.

“The distribution of shares reflects the scale of the countries’ investments. Armenia intends to offer the United States a 74 percent stake in the TRIPP development company, while retaining 26 percent for Armenia,” Mirzoyan said.

“It is no secret that the United States will make substantial investments—not only political, but also financial. Armenia’s primary contribution, broadly speaking, is the development right. I believe this is a fairly equitable distribution,” he added.

According to Mirzoyan, the current arrangement applies to the initial 49-year period. “If the agreement is extended for another 50 years, the shareholding proportions will change, and the sides will become nearly equal,” the foreign minister said.