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What the papers say

News stand

Government plans to part privatise the Tube will cost at least £1bn more than other methods of raising cash according to a report by University College London. The report warned that there is a 'significant spending gap' - of up to £175M a year - between what is needed to be spent and that raised by the proposed Public Private Partnership.

A Galway coroner has called for every building site in Ireland to be inspected at once by Ireland's Health & Safety Authority. Dr Ciaran McLoughlin was speaking at an inquest into the death of a Galway schoolboy who died while working as a night watchman for a security firm on a building site in Galway City.

Railtrack's credit rating was cut two grades by Standard & Poor's at the end of a week that saw the network manager's shares drop to their lowest for 30 months. S&P cut the rating from AA- to A because of concerns about tougher regulation, political hostility, rising investment costs and poor project management.

Turkey is to award a £2bn contract to build a 1218MW nuclear power plant - the country's first - to a Westinghouse-led consortium.

Water Regulator Ian Byatt has signalled that he would support water company mergers in return for more competition. The Regulator has previously said that consolidation would make price control comparisons more difficult.

Train operator Prism Rail has unveiled a £150M investment plan to create a single Welsh railway. It also intends to add a network of linked bus services. The company wants to create a single franchise from its three existing franchises.

All 900 residents of the Borders village of Newcastleton are to be compensated by East of Scotland Water after suffering months of upheaval and disruption during maintenance work. Residents claim pipes have been wrongly disconnected, supplies cut off and pavements left dug up for weeks. Contractors responsible for the trouble have been sacked.

Unemployed civil engineer Rob Ashman has been charged with the murder of Liberal Democrat councillor Andrew Pennington and the attempted murder of Liberal Democrat MP for Cheltenham Nigel Jones. Mr Pennington was killed when a man wielding a Samurai sword burst into the party's office during a constituency surgery.

Tory mayor candidate Steven Norris has come out in favour of Labour's plans for a Private Public Partnership for the Tube. Norris said he planned to campaign as a mayor who will co-operate with New Labour.

Sport England has said Wembley Stadium can still host the British bid for the Olympics despite a recent Government decision to exclude athletics from the venue.

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