The invention provides a corrosion-resistant high-strength and toughness wear-resistant bainite steel rail and a production method thereof, wherein the composition of the rail is as follows: 0.10%-0.35% of C, 1.00%-2. 00% of Si, 1.00% to 2.00% of Mn, less than or equal to 0.025 of P, less than or equal to 0.015 of S, 0.50% to 1.50% of Cr, 0.20% to 0.60% of Cu, 0.10% to 0.50% of Ni, 0.0008% to 0.0025% of B, 0.02% to 0.15% of Nb, 0.02% to 0.30% of Sb and balance of Fe and inevitable impurities. The production method is as follows in order: smelting, refining, continuous casting, continuous casting billet heating, initial rolling, universal rolling, and slow cooling, rail tensile strength is greater than or equal to 1390MPa, yield strength is greater than or equal to 1200MPa, the elongation is greater than or equal to 12.5%, normal temperature impact work AKU2 is greater than or equal to 70J, and corrosion resistance is good.