Sandy River and Rangeley Lakes Railroad
Depot at Phillips c. 1912
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| Locale | Maine |
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| Dates of operation | 1908–1935 |
| Track gauge | 2 ft (610 mm) |
| Length | 112 mi (180 km) |
| Headquarters | Phillips |
The Sandy River & Rangeley Lakes Railroad (SR&RL) was a 2 ft (610 mm) narrow gauge common carrier railroad that operated approximately 112 miles (180 km) of track in Franklin County, Maine. Former equipment from the SR&RL continues to operate in the present day on a revived, short segment of the railway in Phillips, Maine.
Josiah L. Maxey, a Gardiner banker who had recently financed construction of the Kennebec Central Railroad, obtained legislative approval for consolidation of the Sandy River Railroad and Phillips & Rangeley Railroad (P&R) on 10 March 1891. Maxcy purchased controlling stock of the Sandy River Railroad in 1892, and then obtained controlling stock of the Franklin & Megantic Railway (F&M) in 1897. Under Maxey's direction, F&M purchased the Kingfield and Dead River Railway (K&DR) at auction on 2 August 1898; and the F&M, K&DR, and Sandy River railroads operated under common management until formally merged as the SR&RL in January 1908. Under Maxcy's direction, SR&RL purchased the Phillips & Rangeley Railroad (P&R) and the Madrid Railroad at auction on 12 June 1908 and the Eustis Railroad at auction on 24 August 1911.
As part of the New England transportation monopoly organized by the New York, New Haven & Hartford Railroad, the SR&RL operated as a subsidiary of the Maine Central Railroad from 1912 until receivership in 1923. Maine Central built 37 box cars, 37 flat cars, 3 cabooses and a baggage-RPO car in their Portland Terminal Company shops for the SR&RL between 1912 and 1917. SR&RL locomotives 15, 16, 17 and 18 were reboilered in the Maine Central Waterville shops during the same period, and a 4-mile (6.4 km) freight branch was built from Perham Junction to Barnjum.
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