 The authorised capital for over 24 miles of railway was £390,000.In 1847 and again in 1848 a number of diversions of the route, and of local tramways, were authorised.The planned merger of the E&GR and the Scottish Central Railway "on equal terms" would give the E&GR the necessary access to Stirling; however during 1847 the Scottish Central reconsidered its alliance, and it decided that the Caledonian Railway, with which it was to connect near Castlecary, would be a better partner, and it rejected the intended link with the E&GR.