TYSELEY’S Vintage Trains (VT) is “incredibly close” to reaching an initial £800,000 target minimum required to launch its train operating company (TOC), thanks to sales of shares in its Community Benefit Society (CBS).
Spokesman Ben Mason said: “We have been in constant communication with the ORR (Office of Road and Rail) and Network Rail regarding our safety certificate, passenger licence and track access agreement.
“Our applications have been well received and we are making encouraging progress, paralleling the fundraising.”
Once VT reaches the £800,000 minimum the CBS will begin trading, although there is currently no date for when it will operate its first train.
“We hope to be able to run the later part of the ‘Shakespeare Express’ season,” explained
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