Both the Federal and Provincial IFC Co-Chairs will present and discuss priorities for infrastructure funding under the Major Infrastructure Component. While a large number of projects considered by the Co-Chairs are to be projects identified by Ontario, the Parties will endeavor to present an integrated and consolidated view that includes both federal and provincial priorities for funding under this Component. Priorities presented by the Provincial Co-Chair for consideration will be consistent with Ontario's Infrastructure Plan, while Canada's funding priorities will be guided by its intention to further the Building Canada Fund program objectives and to focus two-thirds of overall funding under this component on National Priority Categories. Each Co-Chair will recommend projects to be considered as a priority for funding to his or her respective Minister. The Federal Minister will approve funding provided by Canada for projects to be funded under the Major Infrastructure Component of the BCF. The Provincial Minister will approve funding provided by Ontario for projects to be funded under the Major Infrastructure Component of the BCF. All projects involving joint funding require the approval of both Ministers. Prior to approval of funding, each Party may conduct its own due diligence review of the project and the Parties agree to cooperate in any project review, including the sharing of relevant studies, information and data.