“Essentially, this is the result of negotiations and reflects the investments of the countries,” Armenia's Foreign Minister Ararat Mirzoyan said during a press conference held in the United States, addressing the question of why only 26% of TRIPP shares will belong to Armenia, while the largest portion—74%—will belong to the United States.
“It is no secret that the United States will make large-scale investments. I am not speaking only about political capital, support, or contributions, but about financial investments. From Armenia’s side, the main contribution will largely be the development rights.
I think this is a quite fair distribution, and moreover, we are only talking about the upcoming 49 years,” he said.
The Minister also noted that this is a business model issue and added that, once the return on investments is secured over the years and the agreement is extended for another 50 years, the share distribution may change or nearly equalize.
It should be recalled that the American company will be responsible for TRIPP development for an initial period of 49 years. According to Ararat Mirzoyan, Armenia will offer the U.S. 74% of the TRIPP development company’s shares, retaining 26% for itself.
