Incorporated on 12th August 1898. A line running from the much older Teign Valley Railway, to Exeter (and the Great Western main line), previously named the Exeter, Teign Valley and Chagford Railway. It opened in 1903 never reaching Chagford, and was also known as the Exeter and Teign Valley Railway (or the Teign Valley Branch).
Capital £198,000 in £10 shares. Loans of £66,000.