BAKU, Azerbaijan, January 14. An agreement has
been reached between Armenia and the U.S. on the implementation of
the Trump Route for International Peace and Prosperity (TRIPP)
project, Trend
reports.
In accordance with the agreement issued by the Armenian Ministry
of Foreign Affairs, the United States will lease the Trump Route
for a duration of 49 years.
Armenian Foreign Minister Ararat Mirzoyan and U.S. Secretary of
State Marco Rubio met in Washington, where they presented a
framework program for the execution of the TRIPP project.
The published document was hailed as a significant step toward
fulfilling commitments made at the White House on August 8, 2025,
to support the establishment of sustainable peace in the South
Caucasus.
In their joint statement, Mirzoyan and Rubio emphasized
Armenia’s intention to approve and support the creation of the
TRIPP Development Company, which will be tasked with overseeing the
development of the TRIPP project. The company will be granted the
right to implement the project for an initial term of 49 years.
Under the terms, Yerevan plans to offer Washington a 74% stake in
the TRIPP Development Company, while retaining 26%.
On August 8, in Washington, President of the Republic of
Azerbaijan, Ilham Aliyev, US President Donald Trump, and Armenian
Prime Minister Nikol Pashinyan signed a joint declaration.
During the meeting, Foreign Minister of the Republic of
Azerbaijan Jeyhun Bayramov and Foreign Minister of the Republic of
Armenia Ararat Mirzoyan initialed the draft “Agreement on the
Establishment of Peace and Interstate Relations between the
Republic of Azerbaijan and the Republic of Armenia”.
