Thank you, Mr. Iacono, for that question.
High-frequency rail, which I referred to in my opening remarks, is a transformational project. It will not only be the largest infrastructure project in Canada's history. It will also transform that corridor by creating safe, reliable, fast and frequent service to Canadians who live along the busiest rail corridor in Canada.
As I said, this project is large. It's complicated. We wanted to make sure we had a rigorous oversight process to ensure that the execution of the project happens on time, on budget and according to high standards of accountability and transparency. The model we landed on was the creation of a subsidiary of VIA Rail, called VIA HFR, which will report directly to Parliament through the Minister of Transport, with a board of directors that ensures that the project is administered and implemented responsibly and prudently.