Armenian Prime Minister Announces Benefits of TRIPP Project for Iran
30.07.2026,
16:15
Armenia is ready to answer all of Iran's questions regarding the TRIPP project to address Tehran's concerns, stated Prime Minister Nikol Pashinyan.
YEREVAN, July 30. /ARKA/. Armenia is ready to answer all of Iran's questions regarding the TRIPP project to address Tehran's concerns, stated Prime Minister Nikol Pashinyan.
"TRIPP is a very important infrastructure project. It will only benefit the region, including Armenia and Iran," Pashinyan said.
According to him, the project's implementation will open a railway line between the Persian Gulf and the Black Sea, as well as provide transportation links between Iran, Azerbaijan, and Nakhichevan via Armenia and Georgia.
"No country will be left out," the Prime Minister emphasized.
At the same time, Pashinyan noted that regional instability could hinder the implementation of such infrastructure projects.
About the TRIPP Project
On June 4, the Armenian Ministry of Foreign Affairs announced the signing of the TRIPP framework agreement between Armenia and the United States, initialed on May 26 during the visit of the US Secretary of State to Yerevan.
A day earlier, the Board of Directors of the US International Development Finance Corporation (DFC) approved the creation of the TRIPP Development Company, a US-Armenia joint venture (one of four projects in DFC's $2.5 billion new strategic investment package).
The 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.
Previously, Armenian authorities stated that the TRIPP Development Company would receive an initial right to implement the project for a period of 49 years. The US plans to offer 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.
"TRIPP is a very important infrastructure project. It will only benefit the region, including Armenia and Iran," Pashinyan said.
According to him, the project's implementation will open a railway line between the Persian Gulf and the Black Sea, as well as provide transportation links between Iran, Azerbaijan, and Nakhichevan via Armenia and Georgia.
"No country will be left out," the Prime Minister emphasized.
At the same time, Pashinyan noted that regional instability could hinder the implementation of such infrastructure projects.
About the TRIPP Project
On June 4, the Armenian Ministry of Foreign Affairs announced the signing of the TRIPP framework agreement between Armenia and the United States, initialed on May 26 during the visit of the US Secretary of State to Yerevan.
A day earlier, the Board of Directors of the US International Development Finance Corporation (DFC) approved the creation of the TRIPP Development Company, a US-Armenia joint venture (one of four projects in DFC's $2.5 billion new strategic investment package).
The 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.
Previously, Armenian authorities stated that the TRIPP Development Company would receive an initial right to implement the project for a period of 49 years. The US plans to offer 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.
