The Gloucestershire Warwickshire Railway has reached the halfway point in its share issue plan to raise £1.25 million to extend the line to Broadway and complete construction of the station there by 2018.
The money has been raised in less than six weeks, following the launch of the share issue by Pete Waterman on May 6. Rail has been ordered from British Steel at Scunthorpe, and drainage and civil engineering works is under way.
The last train stopped at Broadway in 1960, before British Rail closed the line.
“I believe that this illustrates that heritage railways have become a vital part of the country’s tourist economy,” said Lord Faulkner of Worcester, a patron of the railway and president of the Heritage Railway Association.
Shares in the ‘Broadway: The Last Mile’ share offer are available for £100.
For a copy of the prospectus and find out how to apply for shares, visit the railway’s website at www.gwsr.com or telephone the railway on 01242 621405.
- For more on this, read RAIL 804, published on July 6.