The Armenian government has approved legislation launching the ratification process for the U.S.-Armenia TRIPP strategic cooperation agreement. The project envisions the creation of TRIPP Development Co., with the United States initially holding a 74% stake and Armenia 26%:
The U.S. also named Konstantin Sokolov to chair a $200 million enterprise fund intended to support TRIPP and broader Middle Corridor infrastructure investment.
Armenian Foreign Minister Ararat Mirzoyan explained the bill’s provisions and emphasized that it contained no new provisions and was consistent with the U.S.-Armenian framework agreement signed in January.
The government bill will now undergo legal review by Armenia’s Constitutional Court.
