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Contractor Interserve has posted a £37.2M pre-tax profit - down from £39.3M in 2001.

Turnover was down from £1.2bn in 2001 to £1.1bn.

The Scottish Executive has given the green light for construction of a new rail link to Edinburgh Airport.

The project, which will connect the airport with Scottish main line rail stations, will involve tunnelling under the runway. The government has put up £5M development funding to take the scheme forward to detailed design phase.

A 2010 completion date is being aimed for.

London mayor Ken Livingstone's transport executive, Transport for London, has tightened its grip on the capital's streets by launching a new 'Street faults contact centre' (tel 0845 3051234). Londoners will be able to report problems on roads and footpaths.

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