GWR also proposed building a line from Reading to Portsmouth via Basingstoke and Alton but L&SWR found a cheaper solution for building the northern stretch from Basingstoke to Alton by using a light railway. The Basingstoke and Alton Light Railway stopped a rival's Portsmouth line from being built at the all-too-common cost of being, for most of its existence, unprofitable - it saw an eight-year resurrection but again became loss-making and closed in 1932 save for goods. In 1955 similarly the southern stretch, the Meon Valley Railway, closed to passengers.