BAKU, Azerbaijan, January 14. An agreement has been reached between Armenia and the U.S. on the implementation of the Trump Route for International Peace and Prosperity (TRIPP) project, Trend reports.
In accordance with the agreement issued by the Armenian Ministry of Foreign Affairs, the United States will lease the Trump Route for a duration of 49 years.
Armenian Foreign Minister Ararat Mirzoyan and U.S. Secretary of State Marco Rubio met in Washington, where they presented a framework program for the execution of the TRIPP project.
The published document was hailed as a significant step toward fulfilling commitments made at the White House on August 8, 2025, to support the establishment of sustainable peace in the South Caucasus.
In their joint statement, Mirzoyan and Rubio emphasized Armenia’s intention to approve and support the creation of the TRIPP Development Company, which will be tasked with overseeing the development of the TRIPP project. The company will be granted the right to implement the project for an initial term of 49 years. Under the terms, Yerevan plans to offer Washington a 74% stake in the TRIPP Development Company, while retaining 26%.
On August 8, in Washington, President of the Republic of Azerbaijan, Ilham Aliyev, US President Donald Trump, and Armenian Prime Minister Nikol Pashinyan signed a joint declaration.
During the meeting, Foreign Minister of the Republic of Azerbaijan Jeyhun Bayramov and Foreign Minister of the Republic of Armenia Ararat Mirzoyan initialed the draft “Agreement on the Establishment of Peace and Interstate Relations between the Republic of Azerbaijan and the Republic of Armenia”.