SBC SERIES · COST & BENEFITS · FINANCIAL ANALYSIS

WHAT IT COSTS — WHAT IT RETURNS

Phase 0 ~$235M/km at current rates falling to ~$146M/km at volume. Two pylon designs locked: Design B (37.5m) for Phase 0.1, Phase 0, and all spurs; Design A (50m) for Phase 1, 2, and 3 with full continental water conduit. Stage 1 freight viaduct alone generates revenue from Month 20.

$235M/km
Phase 0 current rate · ~$146M volume
Month 20
First freight revenue — pre completion
22,539km
Network total — all phases & spurs
Year 3
Self-funding — no further bonds needed
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Engineering Framework — Three Cost Tiers

The SBC costing model uses three engineering tiers. Design A (full spec): $800–1,200M/km — the 50m pylon with full continental water conduit, used on Phase 1/2/3 inland transcontinental sections. Design B (standard): $250–350M/km — the 37.5m pylon with 1m water pipe, used on Phase 0.1, Phase 0, and all spurs. Phase 0 (proof of concept): blended cost ~$235M/km at current rates, falling to ~$146M/km at volume manufacturing. Stage 1 freight viaduct alone is ~$119M/km current / ~$74M/km volume — revenue from Month 20 of construction.

Phase Scheme — Sequential and Parallel

Sequential Phases

Phase 0.1: Newcastle → Muswellbrook spur, 111 km, follows existing Hunter rail, 15.1° max slope (existing reality). Phase 0: Melbourne–Brisbane spine, 2,410 km, 0.8° max slope. Phase 1: first transcontinental segment. Phase 2: continental expansion. Phase 3: full transcontinental network. Sequential phases follow strict revenue-funded order.

Parallel Spur Phases

Two spur programmes operate in parallel with the continental phases. Phase 0-2: east coast spurs. Phase 0-3: second-wave spurs including the Melbourne–Adelaide segment (665.51 km, 6° max slope across the Adelaide Hills escarpment). Adelaide and Melbourne both promoted to double-junction status. Seven of eight Australian capital cities directly network-connected at completion.

Two-Mode Philosophy — Locked Across All Infrastructure

The SBC is a single multimodal viaduct. Every kilometre carries freight + maglev passenger + HVDC + services (water, gas, fibre). Four revenue streams from one structural asset. This is what makes the unit economics work — and what makes the inland Phase 0 route defensible against a 1.85× crow-flies ratio: the spine serves three capitals, an entire farming corridor, and the Wellcamp hub on one set of pylons.

Revenue Timeline — Pre-Completion

No infrastructure in Australian history generates revenue before completion. The SBC does. Month 20: Stage 1 freight access charges begin on completed segments. Month 24: HVDC backbone energised, $4–6B/yr from Day 1. Month 36: gas and fibre revenue begin. Year 3: total annual corridor revenue exceeds annual construction cost — the SBC funds Phase 1 from Phase 0 revenue. No further bond issuance required from this point.

Costing Chapter — Key Numbers
Phase 0 cost — current rates
~$235M/km
Phase 0 cost — volume
~$146M/km
Stage 1 freight viaduct — current
~$119M/km
Stage 1 freight viaduct — volume
~$74M/km
Mega Factory long-term unit cost
~$25M/km → ~$6M/km
Phase 0 spine total length
2,410.27 km
Phase 0.1 spur (Newcastle–Muswellbrook)
111.14 km
Network total — all phases
~22,539 km
First freight revenue
Month 20
Self-funding point
Year 3
The SBC costing is honest about Year 1 because honesty about Year 1 is the precondition for credibility about Year 5. Every assumption published. Every variance published. The framework is engineering — not accounting.
— SBC Cost and Benefits Chapter v12

SBC Cost and Benefits

v12 · 119 pages · April 2026