LR CORWEN PUSH HINGES ON ‘UN­SOLD’ SHARES

Steam Railway (UK) - - News - BY DAVID WILCOCK

In a bid to fund com­ple­tion of its new Corwen Cen­tral sta­tion and con­nect the ter­mi­nus to the ex­ist­ing run­ning line by 2018, the Llan­gollen Rail­way for­mally an­nounced its ‘Big Push’ share ap­peal on April 7. The North Wales line is urg­ing new and ex­ist­ing sup­port­ers to buy up the 375,000 £1 shares which re­main un­sold from the sec­ond of the rail­way’s two £500,000 share launches more than a decade ago. Shares are be­ing sold in min­i­mum blocks of 50, with a range of travel con­ces­sions be­ing of­fered. In line with other steam rail­way share ap­peals, the LR shares will have no mar­ket value or pay div­i­dends, but sim­ply sig­nify sup­port for the rail­way. The money is needed to fi­nance the com­ple­tion of ma­jor em­bank­ment earth­works at Corwen, the pur­chase of rail, the con­struc­tion and in­stal­la­tion of a new wa­ter tower, the recom­mis­sion­ing of the former We­ston Rhyn sig­nal box, and com­ple­tion of the is­land plat­form and its fa­cil­i­ties. “We can’t be pre­cise about a fin­ish­ing date, be­cause ev­ery­thing hangs on how much money we can raise, and how quickly we can raise it,” said Corwen ex­ten­sion project man­ager Richard Dixon-Gough. On April 7, the rail­way opened its doors to the me­dia to show the progress made at Corwen Cen­tral so far, which in­cludes sub­stan­tial em­bank­ment widen­ing, con­struc­tion of the sub­way which will give pas­sen­ger ac­cess to the is­land plat­form, con­struc­tion of the eight-coach Down plat­form face, in­stal­la­tion of 14 track pan­els and run-round point at the west end of the sta­tion, and dig­ging of foun­da­tions for the re-sited We­ston Rhyn sig­nal box. Corwen Cen­tral sta­tion site lies 150 yards west of the rail­way’s tem­po­rary ter­mi­nus sta­tion at Corwen East, which opened in 2014. Share ap­peal brochures and share ap­pli­ca­tion forms are avail­able di­rectly from the rail­way, via email at ad­min@ llan­gollen-rail­way.co.uk, or by call­ing 01978 860979. ●● ‘Clos­ing the gap at Corwen’: read the full story on page 84.

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