The Manx Budget contained an allowance of £750,000 for the building of a new diesel loco capable of rescuing a stranded train. Now when things like mobiles are being closed due to lack of funds this unsorprisngly has not gone down well! Budget 2012: £750,000 to spend on new railway engine - Isle of Man News - iomtoday The reason given for needing a new diesel is "because the existing diesels had passed their useful working life, spares were not readily available and they couldn’t be used to recover trains in the event of a breakdown" Now I would presume that most diesels on preserved railways, narrow gauge or otherwise, would have passed their intented working lives and spares may not be readily available but they are maintained and heavy reasonable use. However my questions are, is £750,000 a reasonable price to build a new diesel loco? They have already spent £50,000 on design fees! Secondly would it really be uneconomical to repair or overhaul the current loco as I would have thought even with a new engine, and tyres etc it would come in well under that? Anybody any experience or knowledge on such costs?