US to hold 74% stake in TRIPP development company as Armenia secures veto rights

Armenia and the United States are preparing to establish a joint-stock company to oversee the Trump Route for International Peace and Prosperity (TRIPP). The American side would hold 74% of TRIPP Development Company, registered in Armenia, and Armenia 26%. The company would be jointly set up by the Armenian government and TRIPP Development Company US.

Under the proposed arrangement, the American entity must remain under US government ownership throughout the project, and its ownership cannot be transferred. The initial 49-year term could be extended by mutual agreement. If extended, Armenia's stake would rise from 26% to 49% and the American share would fall from 74% to 51%, without additional investment from the Armenian government.

Despite its minority stake, Armenia would retain significant decision-making powers. Changes to control or ownership, and any share sale or transfer, would require its explicit consent; the American shareholder could not transfer even 1% of its stake without Armenian approval. Major financial deals, concessions and national security matters would also need Armenian approval. TRIPP aims to link mainland Azerbaijan with Nakhchivan through Armenian territory.