Network Rail has no shareholders and is a company limited by guarantee.
Network Rail will be working with local stakeholders to develop the scheme further.
Network Rail considered re-opening the line, with a study carried out by the county council.
Network Rail has stated that a feasibility study must first take place, which would cost around £30,000.
Network Rail says neither proposal would meet its forecast demand.
"Network Rail has carried out a sober and independent analysis"
Network Rail began a major upgrade of the route in 2009.
Network Rail does not itself run passenger or freight services.
Network Rail claimed accessibility and safety are at the heart of the new design.
This is still in use by Network Rail as of 2010.