It was retired from service at the beginning of the twentieth century and replaced by Maradana Station.

The preserved building is now home to the National Railway Museum.

[1] In 1906, a project was launched to reorganise the railway within the Colombo area.

[1] The museum moved in December 2014 to Kadugannawa west of Kandy.

The construction of the Coast Line towards Slave Island turned the Terminus Station into a quarter-mile-long siding, making operation inconvenient.