Yep, they actually do show up soon enough to be of some use. The catch for me has been location of where they run. In my first campaign as shogunate, not knowing that allies would be too stupid to complete them, I left some controlled by them, and of course they never completed the stations, so it never much mattered that I diplomatically went to the trouble to secure access indefinitely through their provinces.
Ok, so I'm in 2nd campaign as Imperial (and finding that more than 2/3's of the island btw is controlled by shogunate clans and my few imperials clans are apparently run by the village idiot) and this time I'm not going to rely on allies, I'm focused on taking provinces up the right side of the coast from where I started headed towards the center of the island. I've got 3 stations hooked up so far and I'm using this in such a way that I'm not militarily upgrading any subsequent provinces I capture because I'm going to run all supplies out of the starting connection. So, assuming this works out as a planned, the benefit will be not wasting upgrade time and money on developing provinces close to the front, which is what I used to do. Now I just focus on economic and repression.
As an aside, since you need a navy anyway to keep the marauders at bay (I find they are much more aggressive in FOTS), I still consider the Navy as really the easier alternative to rail, I'm just developing it really because it's available, so why not test out it's viability.
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