The South Devon Railway Trust, registered charity number 800299, signed an agreement that will enable them to purchase the seven mile railway line and associated property between Buckfastleigh and Totnes in South Devon that they have been operating on a lease from the owners, Dart Valley Railway Plc, since 1990.
Accordingly, the South Devon Railway Plc, was formed, and a £2m share issue in the company launched as the principle method of raising the £1.13m purchase price. On the 27th March 2002 the following statement was made by the then South Devon Railway General Manager Mr Richard Elliott:
27th March 2002 Railway Changes Hands!
In a deal costing over a million pounds one of South
Devon's prime tourist attractions, the South Devon Railway, has changed
ownership. The new owners, the South Devon Railway Trust, a Charitable
Trust, run mainly by volunteers, have operated the line for the last ten
years as tenants of the previous operators the Dart Valley Railway Plc. The
funds have been raised by a share issue through a new Public Company set
up by members of the Trust. The Trust now intends to improve and develop
the line by providing better facilities for visitors, better storage facilities
for the line's historic stock, as well as the possibility of a new museum
building.
The South Devon Railway Workshop are able to provide a comprehensive list of
Locomotive and Carriage Spares
The South Devon Railway Shop known as "Expressway Gift and Railway Model Shop" carries an extensive range of products for all ages. OPEN SEVEN DAYS A WEEK Click Here
The South Devon Railway Plc is part of the South Devon
Railway Group and is owned by the
South Devon
Railway Trust.
Click on the link above to go to the South Devon Railway
.org Website for further information on the South Devon Railway and its
operations.




