Overview
- Joint statements by U.S. Secretary of State Marco Rubio and Armenian Foreign Minister Ararat Mirzoyan confirm a 74% U.S. and 26% Armenian ownership split for 49 years, with a contemplated 50‑year extension that could raise Armenia’s stake to 49%.
- TRIPP Development Company receives exclusive rights to plan, build, operate, and maintain multimodal infrastructure across designated routes, including rail, roads, energy links, and fiber‑optic networks.
- Armenia retains full sovereignty over territory, national security, law enforcement, border control, and final customs decisions, with all duties and taxes paid directly into the Armenian state budget.
- Border and customs operations will use a front‑office/back‑office model that can employ private operators for client‑facing services such as document intake and payment processing, while sovereign functions are not outsourced and Armenian officials remain on site.
- Specific alignments and work sites will be determined later, and the company may create special‑purpose entities, contract builders and operators, and manage the route as an integrated system.