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The Severn Valley Railway under GWR/BR ownership

247 bytes added, 21:48, 6 February 2016
add reference to original cost estimate
Originally the proposal was for a line from south of Hartlebury to Coalbrookdale, but public meetings in October 1852 confirmed the opinion that the line should continue to Shreswbury. The first Severn Valley Railway Bill passed through Parliament and received Royal Assent in August 1853. This authorised the SVRC to raise £600,000 in shares and borrow up to £200,000 in addition.
It The original estimate for construction of the line was £600,000, being £110,000 for land plus £490,000 for works<ref>[http://www.gutenberg.org/files/17612/17612-h/17612-h.htm Handbook to the Severn Valley Railway, by J. Randall 1863]</ref> and it quickly became obvious that economies would be needed, including shortening the line to join the Shrewsbury & Hereford Railway south of Shrewsbury and making other deviations to the route. A second Severn Valley Railway Bill authorising share capital of £480,000 and borrowing of £160,000 received Royal Assent in July 1855.
Further economies were again found to be necessary, including leaving the OW&W line north of Hartlebury rather than south of it, and tunneling under Bridgnorth High Town rather than crossing the River Severn via an expensive bridge. This third proposal received Royal Assent in July 1856.
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