I think we have been here before on the benefit of mainline connections (close or physically connected) and the benefit of incoming charters - one senses the latter in particular is not a significant money spinner. Re ticking the box on mitigating road congestion, it is interesting that the relevant Loughborough government authority seems content to see a gradual erosion of parking for the GCR at Loughborough (which is a big drawback when considering a visit), but when planning an extension, the potential(?) reduction in road traffic appears to be an obligatory box to tick, even if like the WHR, it was a very cynical box, as it seems most unlikely that the frequency of trains and cost of a ticket can encourage people to leave their cars at Portmadoc or Caernarvon if they want to go walking from Rhyd or Beddgelert. As to transfer of stock (and I was puzzling how this impacted on the London or any other Stock Exchange), one suspects with shortage of usable space around many lines, having a (road connected) virtual works or storage depot offsite may well become more popular. Isn't the NYMR doing something like this?