Marlborough vineyard owner David Bryce bought the train this week in a purchase that included the keys to the Kingston Tavern.
The train had been in receivership since 2009, and the tavern closed in May this year. Several business owners said the number of visitors to the town had decreased since the train stopped running.
Mr Glendinning had driven the train for many years before it went into receivership and said it represented the town.
Six to 10 jobs would be created, he said.
- Olivia Caldwell