ARMENPRESS // US increases funding for TRIPP+ Enterprise Fund for Armenia to 402 million USD

The United States government has doubled the funding of the TRIPP+ Enterprise Fund, increasing it from the initial amount of 201 million dollars to 402 million dollars, ARMENPRESS reports.

The information was published in the official US government public spending database, USAspending.gov, where Armenia is indicated as the primary location for the implementation of the project.

The funding is linked to the Trump Route for International Peace and Prosperity (TRIPP) connectivity initiative, which envisages the development of a transport route through southern Armenia aimed at connecting the South Caucasus to the Trans-Caspian Transport Corridor.

According to the published data, on January 30, 2026, the US Department of State’s Bureau of European and Eurasian Affairs awarded a grant of 201 million dollars to the TRIPP+ Enterprise Fund, with the implementation period set until December 31, 2036. On July 16, through an amendment to the funding agreement, the financial commitment was increased to 402 million dollars without extending the project’s completion deadline.

The data show that the entire amount of 402 million dollars has already been recorded as a financial commitment for the project. The TRIPP+ Enterprise Fund was established on January 26, 2026, two weeks after the Washington meeting between Armenia’s Minister of Foreign Affairs, Ararat Mirzoyan, and US Secretary of State Marco Rubio. At the end of the meeting, the parties published a document announcing the creation of the TRIPP Development Company, the entity responsible for developing and implementing the infrastructure for the TRIPP project.

The Republic of Armenia will hold a 26% stake in the company, while the United States will hold 74%. The TRIPP+ Enterprise Fund and the TRIPP Development Company are separate entities. The latter will coordinate the development and implementation of the infrastructure project.

The TRIPP Development Company is expected to operate under the auspices of the US International Development Finance Corporation (DFC). Unlike the development company, the TRIPP+ Enterprise Fund was established as a separate investment fund. Businessman Konstantin Sokolov was appointed as its director.

The increase in US funding comes at a time when Washington is seeking to expand its involvement in the South Caucasus by supporting the development of economic and transport connectivity, as well as projects linking the region to the Trans-Caspian Transport Corridor.