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The working visit of Foreign Minister of Armenia Ararat Mirzoyan to Vienna has commenced More than 150 billion AMD is planned for military industry development: Hayrapetyan Documents to the Karabakh conflict settlement process published Money should not be an issue: Kos on TRIPP mechanisms Putin has announced to intensify the pressure along the entire front line I appeal to everyone to contribute to calm tempers - Bishop Serovbe Pope prays at Armenian church on last day of Turkey visit, conveys greetings to Catholicos Statement of the Mother See De facto peace: changes on the border Whoever is not with us is at least a traitor A regular meeting of the Security Council took place Information on fires in Tavush Province

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Two scenarios for land lease are being discussed: 99 years and 49 years. Pashinyan on “TRIPP”

At the conference entitled “Crossroads of Peace: Developing Regional Communications and Cooperation,” Prime Minister of the Republic of Armenia Nikol Pashinyan stated that a jointly established Armenia-U.S. company will be created for TRIPP, in which the Republic of Armenia will have a decisive vote on issues of strategic importance.

He noted that TRIPP is an economic project: “People usually make investments in order to recover that amount and receive a certain reasonable percentage of profit.” According to the Prime Minister, “The particular feature is that after the expiry of the development (construction) right, the property located on the land becomes the property of the Republic of Armenia. The land itself is and will remain the property of the Republic of Armenia.”

He emphasized that two scenarios for land lease are currently under discussion: a 99-year lease and a 49-year lease.

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