This Solicitation opportunity from Government of Canada was posted on June 8, 2026. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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Financial Advisory Services to Transport Canada for the High-Speed Rail (HSR) Initiative

Closed

T8080-240075International

Submission Closed04/10/2026, 02:00:00 PM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 523940

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Solicitation # Doc3361616312

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POSTED

9 days ago

DEADLINE

in 5 days

AI Contract Overview

Transport Canada is seeking financial advisory services to support the High-Speed Rail (HSR) Initiative during its Co-Development Phase, a transformative national project announced in February 2025 to deliver a 1,000-kilometer, 300 km/h rail network connecting Toronto, Ottawa, Montréal, and Quebec City with intermediate stops. As the project owner, Transport Canada provides strategic oversight while Alto, a new federal Crown corporation, leads development in partnership with the Private Developer Partner Cadence. The financial advisor will deliver independent, expert guidance to safeguard Canada’s interests and ensure the initiative achieves its core outcomes: increasing intercity rail ridership, enhancing passenger experience, delivering environmental benefits aligned with net zero goals, improving accessibility and affordability, ensuring safety, advancing reconciliation with Indigenous Peoples, and minimizing taxpayer costs. The advisor will evaluate financial and commercial frameworks, advise on project agreements and investment decisions, assess risks and value for money, and support oversight of costs and benefits, while also contributing insights on broader economic opportunities and community impacts. The contract, solicited under T8080-240075 with a response deadline of April 10, 2026, operates as an Indefinite Delivery/Indefinite Quantity (IDIQ) instrument with a total value ceiling of $3.5 million and a minimum guaranteed payment of $100,000. Services are delivered through Task Authorizations, with invoicing required to include an Integrated Project Plan Progress Report. Evaluation of offers follows a trade-off approach weighted 70% technical and 30% price, with heavy emphasis on the firm’s experience in infrastructure project delivery and the relevant expertise of key personnel, particularly in financial and commercial advisory roles for public-private partnerships. Technical capability is assessed using adjectival ratings tied to project experience, while years of experience in P3 delivery are scored quantitatively. Strict security requirements mandate PROTECTED B document safeguarding and SECRET-level or RELIABILITY STATUS clearances for all personnel accessing sensitive information, with unescorted access prohibited. Key personnel substitutions require prior government approval, subcontracting requires written consent, and conflicts of interest—particularly with Alto—are strictly prohibited. The contractor must maintain records for seven years, comply with all applicable laws and certifications, and allow full audit rights over its operations and those of its subcontractors. Offerors must be eligible Canadian suppliers or trading partners under reciprocal procurement agreements and must meet mandatory integrity certifications, with non-compliance triggering disqualification or termination.

General Info

Financial advisory contract for Canada’s High-Speed Rail project, $3.5M ceiling, PROTECTED B/SECRET clearance required, P3 expertise critical.

Agency

Government of Canada → Department of Transport

NAICS

523940 - Portfolio Management and Investment Advice

Place of Performance

*Canada, CAN

Set-Aside

NONE

Documents

Amendment 1 to RFP T8080-240075 for Financial Advisory Services to Transport Canada HSR Initiative

amendment

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Amendment #2 to Solicitation T8080-240075 for Financial Advisory Services to Transport Canada HSR Initiative

amendment

High

Amendment 3 to Solicitation T8080-240075 for Financial Advisory Services to Transport Canada HSR

amendment

High

Amendment #4 to Solicitation T8080-240075 for Financial Advisory Services to Transport Canada HSR Initiative

amendment

High

Amendment #5 to Solicitation T8080-240075 for Financial Advisory Services to Transport Canada HSR Initiative

amendment

High

Amendment 6 to Solicitation 343-486-9092 for Financial Advisory Services to Transport Canada HSR Initiative

amendment

High

Amendment 7 to Solicitation 343-486-9092 for Financial Advisory Services to Transport Canada

amendment

High

RFP T8080-240075 Financial Advisory Services for High-Speed Rail

rfp

High

RFP T8080-240075 Financial Advisory Services for High-Speed Rail Initiative

rfp

High

Solicitation Amendment 1 for Financial Advisory Services T8080-240075

amendment

High

Solicitation Amendment 2 for Financial Advisory Services to Transport Canada HSR Initiative T8080-240075

amendment

High

Solicitation Amendment 3 for Financial Advisory Services to Transport Canada HSR Initiative

amendment

High

Solicitation Amendment 4 for Financial Advisory Services to Transport Canada HSR Initiative

amendment

High

Solicitation Amendment 5 for Financial Advisory Services to Transport Canada HSR Initiative

amendment

High

Solicitation Amendment 6 for T8080-240075

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High

Solicitation Amendment 7 for Financial Advisory Services to Transport Canada HSR Initiative

amendment

High

AI Contract Breakdown

Uniform Contract Format

Timeline

2 updates

PhaseClosed

PostedApr 2

Solicitation

Deadline changedApr 9

Response deadline changed from Apr 8, 2026 to Apr 10, 2026.

Response DeadlineApr 10

Deadline has passed

Notice updatedJun 8

Response deadline time changed from 7:00 PM UTC to 2:00 PM UTC on Apr 10, 2026. The notice description changed. The point of contact changed.

Submission Closed

04/10/2026, 02:00:00 PM UTC

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Organization & Contact Information

AgencyGovernment of Canada → Department of Transport

Contacts1 person available

OfficeN/A

Organization / AgencyGovernment of Canada → Department of Transport

Office AddressN/A

Contacts

Jianna-Lee ZomerPoint of Contact

contact@example.gov

+1 (555) 000-0000

Full Description

Transport Canada (TC) is seeking financial advisory services to provide broad financial, strategic, and commercial advice in support of the High-Speed Rail (HSR) Initiative during its Co-Development Phase. BACKGROUND On February 19, 2025, the Prime Minister of Canada announced that Canada is developing a high-speed rail network in the Toronto-Quebec City corridor. This transformative rail network will span approximately 1,000 km and reach speeds of up to 300 km/hour, with stops in Toronto, Peterborough, Ottawa, Montréal, Laval, Trois-Rivières, and Quebec City. The HSR Initiative will be delivered through a progressive, collaborative co-development model. Transport Canada, as the project owner, provides oversight and strategic direction. Alto, a new federal Crown corporation (formerly VIA HFR), acts as the contracting authority and leads project development in partnership with the selected Private Developer Partner (PDP), Cadence. During the Co-Development Phase, TC will provide guidance and oversight to ensure the project meets public policy objectives and that the planning and design reflect government priorities. The HSR Initiative aims to achieve the following outcomes: • Significantly Increase Intercity Rail Passengers • Enhance Passenger Experience in The Corridor • Provide Meaningful Environmental Benefits to Support the Government of Canada’s Net Zero Commitment • Significantly Increase Availability of Accessible and Affordable Services • Enable Safe Intercity Journeys • Contribute Positively to Government’s Commitment to Reconciliation with Indigenous Peoples • Mitigate Financial Costs to Taxpayers REQUIREMENT DESCRIPTION TC is seeking financial advisory services from the Advisor to deliver reliable, relevant, and independent advice in support of the HSR Initiative. The Advisor will provide independent, expert advice to help Transport Canada safeguard Canada’s interests and ensure the HSR Initiative achieves its defined Project Outcomes. This includes evaluating planning and design from a commercial and financial perspective, advising on risk mitigation, and ensuring value for money. The Advisor will support TC throughout the Co-Development Phase with objective insights that strengthen decision-making. SCOPE OF ADVISORY SERVICES The services may include, but are not limited to: • Assessing financial and commercial frameworks to ensure viability, alignment with government objectives, and value for money. • Advising on project agreements, investment decisions, and associated commitments. • Providing insights on broader economic and operational opportunities, including benefits for Indigenous Peoples and communities. • Supporting Transport Canada’s oversight of financial risks, costs, and benefits related to HSR. • Contributing independent financial perspectives to inform decision-making and stakeholder engagement. Other Advisory Services In addition to financial expertise, the Government of Canada may also require other advisory services to support the broader planning, development, and implementation of the HSR Initiative. These services will complement financial advisory work and may include: • Change management advisory Services related to existing railway services; • Independent oversight and assurance; • Supply chain analysis and review; • Alignment and station planning; • Land value capture and community benefits advisory services; • Transit-oriented Development and community benefits advisory services; • Housing advisory services; • Research and analysis on tourism impacts and comparative rail project insights (domestic and international); and • General strategic, operational and policy advisory support.