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News stand; What the papers say

Police have raided the Frankfurt and Cologne offices of debt stricken German construction group Philipp Holzmann investigating allegations of fraud by former managers. More than 200 police and 10 state prosecutors were involved in the raid.

Much of London's Waterloo station may be demolished under a £1bn plan by Railtrack and Stagecoach to boost capacity on commuter routes. Theplans include scrapping the existing concourse to accommodate longer platforms.

A US, Italian, Greek and Turkish consortium has announced a $500M (£312.5M) project to build a natural gas fired power station in northern Greece to export electricity to Turkey.

Political leaders in Manchester have revived their claim for a national sports stadium following the Government's decisionto scrap plans to include athletics facilities at the redeveloped Wembley Stadium in London.

China has decided to go ahead with a project to transport water from the south of the country to ease a worsening water crisis in the north. An engineering project of the size of the Three Gorges hydroelectric dam will be required.

The M1 motorway is worth £2.1bn, according to an assessment of the value of all national assets. Government accountants based their calculation on how much the motorway would cost to replace.

The Government has given its strongest signal so far that the forthcoming road safety strategy will include lower speed limits. The present 30mph limit is expected to be cut to 20mph in rural areas.

Up to 100,000 engineering jobs have been lost in the last year, according to latest figures from the Engineering Employers Federation (EEF)

The Sussex coast is being munched away by limpets. A study has shown that the gastropods may be responsible for almost a third of coastal erosion.

A new £2.45M Japanese funded report outlines a proposed 56km 'Asian Suez Canal' across southern Thailand to link the South China Sea and the Indian Ocean.

French contractor Bouygues is to use one of the biggest diameter tunnelling machines ever built on part of the Dutch high speed rail link between Amsterdam and Antwerp. It will have a diameter of 14.9m.

Firms bidding to manage London Underground lines face the threat of protests by anti-Government campaigners. Companies are being targeted by the trade union led Campaign Against Tube Privatisation, which opposes the Government's plans for partial privatisation.

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