Overview
- Armenia published the TRIPP framework that lays out a U.S.–Armenia implementation structure via a TRIPP Development Company with a 74%–26% ownership split.
- The company receives a 49-year concession with a possible 50-year extension, during which Armenia’s stake could rise to 49%.
- The framework affirms Armenia’s full legislative, regulatory and judicial authority over all TRIPP areas on its territory, including border control, customs and taxation.
- Prime Minister Nikol Pashinyan said extensive rail rebuilding will be needed and asked Russia to promptly decide on restoring lines toward Azerbaijan and Turkey, while noting TRIPP remains a U.S.–Armenia project.
- The corridor would link Azerbaijan with its Nakhchivan exclave through Armenia, reflecting a U.S.-brokered declaration signed by Pashinyan and Ilham Aliyev in Washington in August 2025.