ArmInfo. Constitutional law expert and representative of the "Po-Nashemu" movement, Gohar Meloyan, raised a number of issues related to the implementation of the "Trump Route for International Peace and Prosperity" (TRIPP Route) communications project.
On her Facebook page, the expert recalled that the Armenian government is actively negotiating the general terms of the project. According to available information, the "TRIPP Company" will be established-an Armenian-American joint venture that will receive the right to develop the necessary infrastructure for railways, highways, oil and gas pipelines, as well as to lay fiber-optic communication cables.
However, as the expert noted, many questions remain. In particular, what will be the corporate structure of this company? How and under what conditions will relations between this company and the Republic of Armenia be regulated? Will a new legal entity, a separate civil law entity, be created that will be granted the right to create and manage the infrastructure passing through the Syunik region, or will a new legal entity not be created, and the work will be organized on the basis of an agreement to establish an Armenian-American joint venture without the formation of a separate legal entity?
"If a separate legal entity is created, where will it be registered-in Armenia, in a US state (for example, Delaware), or in a third country? And what legal form will it have-a joint-stock company, an investment fund, or another? Will this legal entity be owned only by the Armenian and US parties, or is participation by third parties possible? How will shares be distributed? How will the charter of this legal entity define the details of profit distribution-will profits be distributed among shares? Do shareholders of this company have the right to alienate their shares without the consent of the other party? How will other management issues be determined, such as the appointment and dismissal of the general director? The same questions exist in the case of a joint venture. Will this company pay taxes to the RA state budget on the profits received, namely, from the operation of infrastructure, like any other company operating in Armenia? Who will own this legal entity on the US side?" asks Gohar Meloyan.
She also emphasized that, unlike the Armenian government, there has never been a case where the US government has directly established any legal entity or participated in any joint venture. This raises the question of whether the US government will act through the US Development Finance Corporation (DFC) or through a private investment fund such as BlackRock, Vanguard, or others. "Under what legal acts will this company or joint venture be granted the right to develop and operate the infrastructure, for what period, and will a separate concession agreement be signed between the RA government and the aforementioned company? What will be the main terms of this agreement? Will this company pay a fee to the Republic of Armenia in exchange for leasing the RA infrastructure, or will the territory of the Republic of Armenia be transferred to this legal entity or joint venture free of charge, subject to the development of the infrastructure? Undoubtedly, the implementation of the project will have a huge impact on the future of the Republic of Armenia. Therefore, these and hundreds of similar issues should not be discussed and resolved behind closed doors and by a limited group of officials, as is usually done with all the negative consequences, but should be the subject of a broad discussion with the participation of the Armenian public and the best specialists in this field. The greatest concern regarding this process is the low professionalism and criminal self-confidence of our representatives, spiced with populism," the expert concluded, adding that of all the possible scenarios, the most alarming is the most anti-Armenian scenario.
As a reminder, on August 8, 2025, a document was signed in Washington establishing a transport corridor through Armenian territory, connecting Azerbaijan with its Nakhichevan exclave, Nachijevan. The TRIPP (Trump Route for International Peace and Prosperity) project is a 42- kilometer railway in southern Armenia. Yerevan will transfer management of this route to Washington for a period of 99 years, which, according to experts, could significantly change the geopolitical situation in the South Caucasus.
