SYDNEY, Nov. 20 (Xinhua) -- A private consortium in Australian has revealed its plans to build a supersonic train line between the Australian cities of Brisbane and Sydney.
The Hyperloop transport system, a concept invented by Tesla and SpaceX founder Elon Musk, will propel pods through a vacuum-sealed tube at speeds of up to 1,000 km per hour (kmph).
Steve Artis, director of Ultraspeed Australia, said the consortium had plans to build inland routes from Sydney to Brisbane via Tamworth and Toowomba with an extension to the Gold Coast.
A trip from Sydney to Brisbane, Australia's first and third most populated cities, would take under an hour and from Brisbane to the Gold Coast, a tourism hot spot, less than 10 minutes.
"It can be designed as a commuter solution as well as a long-distance route," Artis told News Limited on Monday.
Ultraspeed Australia is an official partner of the U.S. based Hyperloop One and is now seeking financial backing from Australians.
The company's proposal is based on offering fares which are equal to, or cheaper, the cheapest current public transport rates.
Furthermore, Ultraspeed hopes to extend its line to Melbourne, Australia's second biggest and fastest-growing city, with modelling suggesting the total cost would be around 30 billion U.S. dollars.
The company will make a full presentation at an Infrastructure Association of Queensland event on Thursday.
They have held discussions with the federal government but will await the result of November's Queensland state election before sitting down with state politicians.
Artis said that Australia's size and the large distance between major cities made it a perfect candidate but action is needed quickly.
"Unless Australia joins the discussion by the end of this year, we are likely to miss out for 10 years or more," he said.
