 An Act of 1889 had empowered it to invest £100,000 in the CDR and to guarantee the interest on the CDR's debenture stock.On 9 October 1890 a contract was awarded for the construction of the line, at £81,095; this was over three years from the Royal Assent for the work.The work did not progress rapidly and a Parliamentary Act was required to extend the permitted time for completion; the line opened on 2 April 1894.