Origins
Most new railways, particularly those of the Midland, were built for transporting coal, and so could show a quick return on investment. A line from Leicester to Peterborough had been floated as an independent scheme which might not have progressed, even though there had been a famine of coal in the area. At Stamford for instance it had risen to forty shillings a ton. However because of the railway politics of the time, it was supported by George Hudson who was involved with the Midland Counties Railway which, was in the process of merging into the new Midland Railway.
The Midland at that time was the main line from London to the North East of England, via Derby, Leeds and York. The Midland adopted the line ‑ along with the Nottingham to Lincoln Line ‑ as part of urgent moves to hinder the expansion of the Northern and Eastern Railway northwards from London to York.
Read more about this topic: Syston And Peterborough Railway
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