The Government of Canada is implementing a robust, cost-management strategy for High Frequency Rail to ensure it transforms the way that Canadians move, work, and live. As part of this cost-management strategy, the private-sector developer partner will be incentivized to innovate and reduce costs to create better value for money, while protecting the public interest. It also includes annual cost updates from the private-sector partner, recurring due diligence, open-book reporting to manage costs and scope changes, as well as specific measures at every phase of the project. All of these measures combined will ensure the Government of Canada is advancing the High Frequency Rail project in a financially responsible manner.