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News stand ....what the papers say

FINANCIAL TIMES

Mexico's president Vicente Fox this week announced the location of Mexico City's new international airport, to be built at Texcoco, a dry lake bed. The £1.4bn airport will be the biggest infrastructure project of his administration.

Temporary speed restrictions on the railways are likely to cost National Express a second year of lost rail passenger growth, the bus and train operator warned this week. The company, which owns nine of the UK's 25 train operating companies, said pretax profits this year would be 'marginally' below market expectations of £140M.

The impact is expected to be greater in 2002.

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