The engineer considers the line of country peculiarly favourable for constructing a railroad, both in its levels and the materials that are found on or near the line: he is decidedly of opinion that a railroad can be made at less expense on this than on any other line of country in England of the same distance.
In conclusion, it is submitted that the revenue of the projected railroad, when completed, will far exceed the above estimate. No notice has been taken of the great increase in coach traffic produced by the railway, nor of the intermediate travelling from town to town, and the districts to the north of York, Glasgow, and Edinburgh. Nor should it be forgotten, that long prior to the completion of the outline, the traffic on the first fifty miles could not fail to secure a revenue of 150,000l. per annum, within eighteen months of its commencement.
£ | £ | |
---|---|---|
2000 acres of land, at per acre 100l. | 200,000 | 460,000 |
Houses, buildings, and compensation | 260,000 | |
Bridges, culverts, drains, and masonry | 450,000 | |
Extra cutting, &c. | 160,000 | |
Blocks and sleepers, &c. | 160,000 | |
Ironwork for rails, bolts, pins, &c. | 350,000 | |
Ballasting and laying, ditto | 160,000 | |
Excavating, ditching, and fencing, &c. | 400,000 | |
12 water stations | 5,000 | 61,800 |
12 intermediate pumps | 800 | |
50 engines complete | 4,000 | |
400 waggons, vans, and trucks | 12,000 | |
80 coaches complete | 20,000 | |
Sheds, benches, and buildings | 20,000 | |
Branch from Cambridge to Norwich | 800,000 | |
Contingencies on the above works | 350,000 | |
Total expense | 3,437,000 |
Proposed capital 4,000,000l., in 80,000 shares of 50l. each.