From ferries to trains, Inslee looks for opportunities to partner with Japanese leaders on future projects
Gov. Jay Inslee met yesterday with Mr. Tadashi Maeda, CEO, Executive Managing Director of the Japan Bank for International Cooperation, to discuss how JBIC could help with funding and investments in future infrastructure projects. Washington’s population and economic growth has spurred planning and discussion for significant new investments in transit, high speed rail, ferries, freight and cargo mobility at ports, and even rural broadband.
JBIC is a government-backed financial institution that provides loans to governments around the world. Inslee and Maeda signed a non-binding “memorandum of cooperation” that promotes further discussion about possible opportunities for partnerships between the state and JBIC. The MOC does not contain any specific funding proposals for individual projects.
Brian Bonlender, director of the state’s Department of Commerce, was also part of the meeting, along with representatives of Microsoft, a major proponent of ultra high speed rail from Portland to British Columbia as part of the Cascadia Innovation Corridor initiative.