“We have no budgeted funds allocated for TRIPP, because the plan is for the financing of infrastructure development to be carried out using the funds of the company that has already been established.” Finance Minister Vahe Hovhannisyan said this during preliminary discussions of the 2027 State Budget in the National Assembly, responding to a question from Arthur Khachatryan, an MP from the 'Hayastan" (Armenia) faction, about whether any funds were planned for the construction of TRIPP infrastructure in 2027.
In this context, the Minister stressed that the Armenian side has made a commitment to hand over the land allocated for TRIPP infrastructure in a cleared condition.
“Since there is no project yet, and it is not known exactly what the road will look like or which specific plots of land will need to be recognized as being of overriding public interest, we have not allocated funds for this in the budget either.
Once that work is carried out, we will provide the funds from our own resources to carry it out,” the Minister said, noting that the amount involved in this case would not be large.
In this context, Minister of Territorial Administration and Infrastructure Davit Khudatyan, commenting on the issue, announced that the Armenian side would begin design work on certain infrastructure projects in the near future.
