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The Ybbs Valley Railway (German: Ybbstalbahn) was a narrow-gauge railway of the Austrian Federal Railways with a track gauge of 760 mm (2 ft 5+15⁄16 in), located in the Lower Austrian Mostviertel.
The original route followed the valley of the river Ybbs from Waidhofen an der Ybbs to Kienberg-Gaming, with a branchline to the town of Ybbsitz. A small, 3.2 kilometer long, section between the railway station of Waidhofen an der Ybbs and the Pestalozistraße still operates as Waidhofen City Railway (German: Citybahn Waidhofen), while the route from Lunz am See to Kienberg-Gaming is currently operated as a heritage railway under the name Ybbsthalbahn-Bergstrecke (mountain line). Plans are under way to extend the heritage section to the town of Göstling, where tracks of the old railway are still in place.