The FVHRS formed in 2001 under the advisory of the city of Surrey with a mission to acquire, restore, and operate BCER interurban cars.

[3][4][5] The FVHRS established its headquarters on the site of the original Sullivan Station, which was part of the BCER's Fraser Valley Branch line.

The historic rail system began operation in June 2013 with seasonal return service from Cloverdale to Sullivan station.

In its stead, the FVHRS launched the new "Heritage Railway Adventure" where guests ride on a variety of the organizations rolling stock.

[17] In September 2024, an agreement was reached with Southern Railway of British Columbia (SRY) and BC Hydro to resume service for 5 years between the Cloverdale and Sullivan stations.

The FVHRS aims to extend the current line to connect to Scott Road Skytrain Station, and is exploring the possibility of converting its trains to be hydrogen powered.