Gavin Hamilton says the replica being built in the UK cost $5mil. From the description from Rick, that sounds reasonable.
Not being an expert, or knowledgable at all about this sort of thing, but very curious, if a new narrow gauge replica could be built, using modern materials, desings, etc. - in other words, a cosmetic replica, how much longer would it hold up given proper care, maintenance, and operated properly and safely compared to a restored antique?
I realize fully that things like boiler inspections, boiler overhauls, etc. are going to have to be done routinely according to the rules governing such things, but would the rest of the locomotive hold up better, thus reducing overall repair and operating costs, if it were new, built from the latest materials and modern designs?
Would the expense of the new replica result in a savings in maintenance costs and lost revenue from lost operating days over a period of time?
Obviously, when steam locomotives were the only source of motive power and all the required parts, or at least a large number of them, were off the shelf type items, the answer to this question was yes. After so many rebuilds, the locomotives were scrapped and replaced. But does that hold true to day?
Would a replica of C&S #70 with a cast frame, roller bearings, modern boiler, all modern materials, and a replica of an Argentine Central Shay with the same, etc. pay for themselves over a period of several operating seasons and be a better investment of taxpayer dollars?
I would be curious to hear an explanation of the financial side and/or practicality side, of this question, even if it would only be an exercise in learning how this factor, the cost/benefit so to speak, is determined.
Thanks!
Kevin
