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Armenia expects the EU’s participation and concrete investment programs in the Crossroads of Peace, including TRIPP connectivity projects, Prime Minister Nikol Pashinyan said.
“The adoption of the Strategic Agenda for the EU–Armenia Partnership is an important change and development in our relations,” Pashinyan said when asked to specify investment opportunities envisaged in the document related to the connectivity projects.
“As for investments, following the Washington agreements and the announcement of the TRIPP project, interest in investing in Armenia has increased significantly. Naturally, we are interested in ensuring that the EU, among others, has a concrete role and presence in infrastructure projects. Our relations with the EU will continue to deepen and develop, and of course, within the ‘Crossroads of Peace’ initiative, including the TRIPP project, we expect concrete EU investment programs and participation,” Pashinyan said.
He noted that cooperation with the EU is not limited to regional transport infrastructure but has a much broader context.
The Prime Minister recalled that several years ago the EU announced its intention to provide Armenia with €2.6 billion in support. According to Pashinyan, more than €500 million has already been invested within that framework, including through loans to the private sector via the banking system.
The Trump Route for International Peace and Prosperity (TRIPP) is a connectivity project in Armenia, envisaged under the U.S.-brokered Armenian-Azerbaijani joint declaration signed in Washington, D.C. The project is expected to unlock strategic economic opportunities, create long-term benefits by promoting infrastructure investment, and enhance regional connectivity. TRIPP is part of the Crossroads of Peace project, and an Armenian-American joint enterprise is expected to develop the route.
EU Special Representative for the South Caucasus and the crisis in Georgia Magdalena Grono earlier announced that the EU explores investment opportunities in South Caucasus connectivity projects.