Armenia and the USA officially signed an agreement on the “Trump Route for International Peace and Prosperity” (TRIPP) project. The document was signed by the Minister of Foreign Affairs of Armenia Ararat Mirzoyan and the US Secretary of State Marco Rubio, the Armenian Ministry of Foreign Affairs reported.
The framework agreement on TRIPP was previously initialed in May during the visit of the American delegation to Yerevan. The project envisages the creation of a joint venture TRIPP Development Company, which will be engaged in the development of transport and economic infrastructure, including roads and railways, pipelines and communication lines.
According to the US International Development Finance Corporation (DFC), the project is already included in a strategic investment package of about $2.5 billion. Its tasks include expanding trade and transport links, as well as developing interstate and internal connectivity of the region. At the same time, the implementation will take place in stages and will require additional approvals before the final launch of financing.