The trust announced plans last year to extend the line from its base at Woody Bay, which was expected to cost around £29 million, with the prospect of adding £70 million to the local economy within the first five years of opening.
Graham Watson (MEP) with Cllr Brian Greenslade (Leader of Devon County Council), Nick Harvey (MP) and members of the L&B during an update on the railway's improvement project, December 2007
Further details can be found in the
and here