Virtual pipelines play a critical role in enabling hydrogen distribution where dedicated infrastructure does not yet exist, with road transport remaining the primary delivery backbone in early markets. Building on previous analysis of MEGC and tube trailer deployment, this presentation deepens the Total Cost of Ownership (TCO) assessment, incorporating asset utilisation, financing structures, scale effects, and operating assumptions to better understand delivered hydrogen cost. The analysis remains centred on road transport as the most flexible and immediately deployable solution, while also exploring how rail can selectively complement road delivery for longer‑distance and higher‑volume movements. Together, this provides a pragmatic framework for deploying safe, financeable, and economically viable virtual pipeline solutions that can scale and adapt as hydrogen demand and infrastructure evolve.