Armenia's Constitutional Court to review TRIPP agreement

Armenia's Constitutional Court will today begin reviewing the compliance with the Constitution of the Republic of Armenia of the agreement between the Republic of Armenia and the United States on strategic cooperation on the project "Trump Route for International Peace and Prosperity" (TRIPP).

The TRIPP project provides for the creation of a strategic transit corridor through Armenia's Syunik region. It is emphasized that it will operate exclusively within Armenian jurisdiction and does not affect the country's sovereignty. Under the project, Armenia will grant the United States exclusive long-term rights for a period of up to 99 years to develop the route, through which Azerbaijan expects to establish a land link with Nakhchivan. It provides for the creation of a company with a controlling stake held by the United States, while Armenia will have control mechanisms on matters of principle. At the first stage, the United States is offered a 74% stake, and Armenia 26%, with the possibility of increasing Armenia's stake to 49% upon extension of the agreement.

Source: Bagramyan26