West Coast Infrastructure Exchange (WCX)
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The West Coast Infrastructure Exchange (WCX), a State/Provincial Government-level partnership between California, Oregon, Washington, and British Columbia that was launched in 2012, conducts business case evaluations for selected infrastructure projects and connects private investment with public infrastructure opportunities. The platform aims to replace traditional approaches to infrastructure financing and development with "performance-based infrastructure" marked by projects that are funded where possible by internal rates of return, as opposed to tax dollars, and evaluated according to life-cycle social, ecological and economic impacts, as opposed to capacity addition and
capital cost Capital costs are fixed, one-time expenses incurred on the purchase of land, buildings, construction, and equipment used in the production of goods or in the rendering of services. In other words, it is the total cost needed to bring a projec ...
.


Inception

According to the original Wikipedia post, created by staff of Oregon Governor
John Kitzhaber John Albert Kitzhaber (born March 5, 1947) is an American former politician who served as the 35th governor of Oregon from 1995 to 2003, and as the 37th governor of Oregon from 2011 until his resignation in 2015. A member of the Democratic Part ...
in November 2012:


Focus and activities

WCX is a 501(c)(3) not-for-profit organization that was formed I 2014 by the states of Oregon, Washington, and California. WCX is a publicly funded resource to public agencies within three west coast states on the topic of Performance-Based Infrastructure (PBI). WCX provides training, education, and technical assistance to interested organizations. Performance-Based Infrastructure (PBI) is an infrastructure delivery method that consolidates responsibility for the key aspects of a project's full life cycle (design, construction, and long-term maintenance) into a single, performance-based contract with a private partner. PBI maintains public ownership of the infrastructure and can provide such benefits as increased cost and schedule certainty, shortened design and construction timelines, and long-term performance guarantees. WCX has been recognized by multiple organizations and news outlets for its innovative efforts. WCX was also named a Harvard Ash Center Bright Idea in Government in 2015.


See also

*
Public-private partnerships in the United States Public-private partnerships (PPP or P3) are cooperative arrangements between two or more public and private sectors, typically of a long-term nature.Hodge, G. A and Greve, C. (2007), Public–Private Partnerships: An International Performance Rev ...


References


External links

* {{official website, https://www.westcoastx.org Infrastructure in the United States Government of California Government of Oregon Government of Washington (state) Government of British Columbia 501(c)(3) organizations 2010s establishments in the United States Organizations based in Portland, Oregon Economy of California Economy of Oregon Economy of Washington (state) Economy of British Columbia Infrastructure in California Infrastructure in Oregon Infrastructure in Washington (state) Infrastructure in Canada