The Midland Rail Heritage Trust was founded on 28 April 2004 by a group of railway enthusiasts to preserve and promote the Midland Railway line and the steam locomotives that worked it.
[2] The Trust is also the owner and sole shareholder of the Midland Railway Company (NZ) Limited.
[5] Also in 2005, a pair of diesel shunters from the Islington Freezing works were donated to the Trust, and a 15 tonne gantry crane and equipment from the Otira Railway Workshop was acquired.
The lines from the old railway yard were connected to the Kiwirail network in January 2010.
[6] At that time, the club made a submission to Parliament opposing the Gambling (Gambling Harm Reduction) Amendment Bill as they considered it would remove a source of funding from charitable gaming trusts that the club used.