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What the papers say - THE INDEPENDENT

News stand

Chinese developers are secretly working on a massive dam project in a World Heritage Site in Yunnan province in south western China.

The project will displace 100,000 people and flood a section of the Yangtze river valley thought to have been the real location for the Shangri-La. Green groups and local tribes are fighting China's biggest independent power producer, the Huaneng Group, over the plans.

Tube contractor Metronet is to announce profits of over £50M in its first year with a profit margin of around 14%. The report of its pre-tax profits, due to be submitted this week, is expected to provoke outcry from the rail unions unhappy over profits made by publicly subsidised private companies.

The introduction of commuter services on the high speed Channel Tunnel Rail Link between Kent and London could be delayed by a year due to disputes over rolling stock. The Department for Transport has baulked at the £300M price tag for rolling stock which has to be specially built to cope with the different electrification systems of the domestic and CTRL tracks.

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