Funding from the Royalties for Regions program will go into the Skills Training Initiative over the next four years.
Porter made the announcement as part of the Liberal-National government's 2012-13 budget, and confirmed a total of $110.6 million would be allocated over the life of the Skills Training Initiative.
About $14.4 million will be invested in 2012-13 alone.
Regional Development Minister Brendon Grylls said injecting funding from the Royalties for Regions investment into a skilled and trained workforce was essential to help underpin the state's economic future.
"We're confident that this program will provide the opportunity right across regional WA for people to access the best training opportunities available," he said.
The funding will be allocated up until 2015.
Training and Workforce Development Minister Peter Collier said the funding would deliver a range of benefits.
He added: "The Skills Training Initiative will enable refurbishments and upgrades for regional training facilities; the development of dedicated regional training centres to meet industry and community needs; and the replacement of out-dated and IT infrastructure across the state training provider network."
Collier said the government's investment program would increase training access and opportunities throughout WA through a capital works program.
The funding will be used for the continuation of major works at Challenger Institute of Technology's Rockingham Campus redevelopment, while $16 million will be put towards the South West Institute of Technology's Bunbury campus for the heavy duty automotive complex.
About $54 million will be used for commencing planning on new developments, including the Challenger Institute of Technology's Murdoch campus.
In addition to an increase in state-funded training places and infrastructure, the government has also started an initiative to address the critical skills shortage in the state.
The initiative includes commencing skills migration focus groups, setting up a website promoting WA as a destination of choice for potential skilled migrants and establishing aboriginal workforce development centres in Broome, Geraldton, Bunbury, Kalgoorlie-Boulder and Perth.
Porter said the government was committed to ensuring West Australians had the opportunities to develop skills, with more than 41,000 trainees and apprentices employed in training as of the end of February.