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1918 Admin Report details checked/added/corrected
Built on the same terms and conditions as the [[Great Indian Peninsula Railway]] (GIPR), the '''East Indian Railway''' (EIR) was a British company, registered in London, privately owned and financed, operating under license and guarantee from the (British) Board of Control in India and the [[East India Company]] (EIC).
By 1859, the arrangements were "the construction and working of lines from [[Calcutta]] to [[Delhi]], and from [[Allahabad]] to [[Jubbulpore|Juppulpore]] - total, about 1,400 miles. Capital - 12,731,000''l''. This amount has been sanctioned for the works specified, but it is probable that a larger sum will be required. Rate of Interest Guaranteed - 5 per cent. on 11,553,000''l''. capital; 4½ per cent. on 1,178,000''l''. debentures, convertible into shares."<ref>"Money Market and City Intelligence", ''The Times'', Wednesday, 15 June 1859, #23333, 7a]; Retrieved 17 Dec 2015</ref>
== History ==
The Government of India (GoI) acquired the assets of the EIR on 31 December 1879 while leaving the management to the private company.
Progreesive development of the EIR network continued such that by 1918 there was over 2400 miles (3840km) of broad gauge([[Rail_gauge#Broad_Gauge|BG]]) track.
<ref>[https://ia801009.us.archive.org/8/items/BombayBarodaAndCentralIndiaRailwaySystem/Bombay_Baroda_And_Central_India_Railway_System.pdf " Administration Report on the Railways in India – corrected up to 31st March 1918"; Superintendent of Government Printing, Calcutta; pages 53-61]; Retrieved 17 Dec 2015</ref>
The GoI took over the direct running of the EIR on 1 January 1925.
*"[http://www.easternrailwaysealdah.gov.in/WEBForm/ERSC.aspx?action=HT ''Symphony of Progress: The Saga of Eastern Railway 1854-2003'' published by the Eastern Railway in Kolkata 2003]. website of Eastern Railway, Sealdah
== Notes & referencesReferences =={{reflist}}<references />
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