The partnership, identified last week as the West Coast Infrastructure Exchange (WCX), aims to make public works and energy projects more feasible in order to improve economic competitiveness in the region by bringing together governors, treasurers and key infrastructure development agencies.
The exchange plans to explore strategies such as bundling and alternative funding methods, including the potential of private capital, to finance critical infrastructure projects.
“Investing in aging infrastructure is critical, not just because of the jobs we create during the construction phase, but because infrastructure is what keeps our economy moving forward,” said Washington Governor Chris Gregoire. “Working together, states and provinces can develop a West Coast that supports continued export growth, a brighter future in green jobs and high quality of life for our families.”