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The six-year project aims to retrieve locomotives buried in the Oreti River in 1927.
In 2018, the trust undertook exploratory work at the site to determine the feasibility of removing them and from that a plan was drawn up.
They will be relocated to the specially built track at the Lumsden Railway Precinct to be displayed after 93 years of being buried, and will be the oldest exhibit.
On a Facebook post, a trust spokesman said in December last year, ‘‘Slowly the track sets for the V Class locomotives display have made it to Lumsden ... they are now ready for a spruce up before being ready for placement at the Lumsden Railway Precinct. Got some work to do.’’
Trust chairman John Titter said the locomotives were specifically designed for use in New Zealand ‘‘to meet freight demand’’ and built in Manchester. They were used for passengers and freight.
The trust received funding from organisations including the Lottery Grants Board, Community Trust South, Northern Southland Development Fund, Rail Heritage Trust of NZ, Communities Initiatives Fund and the Regional Heritage Fund.