The US has approved the development of the Trump Route for International Peace and Prosperity (TRIPP) project, the US Embassy in Armenia informed Armenian News-NEWS.am.

“The U.S. International Development Finance Corporation (DFC) Board of Directors approved several new strategic investments on June 3, including support for the creation of the TRIPP Development Company, a U.S.-Armenia joint venture intended to support trade, transport, economic development, and regional connectivity.

According to DFC, the venture will support key infrastructure projects, including railways, roads, pipelines, fiber-optic networks, and more,” the embassy stated.

See more details here.