It is possibly the first use of a flying arch over a railway cutting and is a Grade II listed building.

Much of the line has been widened and modernised but the section between Rugby and Coventry is largely as-built and most of the original structures, including Mile Lane Bridge, survive.

There are two similar bridges near Tile Hill, the other side of Coventry station; a third spanned the railway near Blisworth in Northamptonshire, further south, but does not survive.

It was listed for its age as an original structure from one of the first major railway lines, and for its importance in engineering history as one of the earliest flying arches over a railway and the involvement of Stephenson, "one of the most important transport engineers of the 19th century".

[1] Several other railway-related structures in Coventry, all original features of the LBR, were listed at the same time: (from east to west) the Sowe Viaduct, the Sherbourne Viaduct, and the portals of Humber Road Tunnel.