US Secretary of State: TRIPP project will open new opportunities for Armenia and Azerbaijan
04.06.2026,
12:39
US Secretary of State Marco Rubio stated that the TRIPP (Trump Route for International Peace and Prosperity) project will create new opportunities for Armenia and Azerbaijan while respecting the sovereignty of both countries.
US Secretary of State: TRIPP project will open new opportunities for Armenia and Azerbaijan
YEREVAN, June 4. /ARKA/. US Secretary of State Marco Rubio stated that the TRIPP (Trump Route for International Peace and Prosperity) project will create new opportunities for Armenia and Azerbaijan while respecting the sovereignty of both countries.
"The conflict between Armenia and Azerbaijan is over. Not just over, but over with an agreement, a memorandum of understanding for which I signed yesterday, creating a new route for prosperity—TRIPP. It will provide exceptional opportunities for both countries, especially Armenia, while respecting their sovereignty so that they can truly benefit from it," Rubio told the House Foreign Affairs Committee on the State Department's budget request for fiscal year 2027. The text of his remarks is published on the US State Department website.
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 US Secretary of State's visit to Yerevan. The document was signed by Foreign Minister Ararat Mirzoyan on the Armenian side, and by Rubio on the US side.
On June 3, the Board of Directors of the U.S.-Armenia Development Finance Corporation (DFC) approved the creation of the TRIPP Development Company, a joint venture between the US and Armenia, as part of DFC's $2.5 billion package of new strategic investments.
DFC stated that 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 plan is to offer the US a 74% stake in the joint venture, with Armenia retaining 26%. Should the agreement be extended for another 50 years, the shareholding ratio is expected to change.
YEREVAN, June 4. /ARKA/. US Secretary of State Marco Rubio stated that the TRIPP (Trump Route for International Peace and Prosperity) project will create new opportunities for Armenia and Azerbaijan while respecting the sovereignty of both countries.
"The conflict between Armenia and Azerbaijan is over. Not just over, but over with an agreement, a memorandum of understanding for which I signed yesterday, creating a new route for prosperity—TRIPP. It will provide exceptional opportunities for both countries, especially Armenia, while respecting their sovereignty so that they can truly benefit from it," Rubio told the House Foreign Affairs Committee on the State Department's budget request for fiscal year 2027. The text of his remarks is published on the US State Department website.
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 US Secretary of State's visit to Yerevan. The document was signed by Foreign Minister Ararat Mirzoyan on the Armenian side, and by Rubio on the US side.
On June 3, the Board of Directors of the U.S.-Armenia Development Finance Corporation (DFC) approved the creation of the TRIPP Development Company, a joint venture between the US and Armenia, as part of DFC's $2.5 billion package of new strategic investments.
DFC stated that 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 plan is to offer the US a 74% stake in the joint venture, with Armenia retaining 26%. Should the agreement be extended for another 50 years, the shareholding ratio is expected to change.
