The Carmarthen and Cardigan Railway was a 7 ft 1⁄4 in (2,140 mm) broad gauge railway line in Wales that was intended to connect Carmarthen on the South Wales Railway with Cardigan. In fact, it was unable to raise the necessary capital and was loss-making from the time of opening the first short section of its line in 1860, and it was in receivership for much of its life. It eventually reached Llandysul in 1864 but was not extended further during its independent existence.