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What the papers say

Evening Standard

A battery of 20 video cameras has been erected on London's Hammersmith Bridge to foil terrorists who might try to blow it up. The move follows the attack in June.

THE INDEPENDENT ON SUNDAY

The London Borough of Southwark has launched plans for a shopping complex in the Deptford area that is expected to eclipse Bluewater in Kent, currently the UK's largest mall.

ENR

A five month independent audit of Boston's Central Artery project by consultant Deloitte & Touche has fixed the cost at £8.7bn. But a worst case scenario could add another £175M. Cost overruns so far amount to £1.3bn.

California Department of Transportation, Caltrans, has let the £300M contract for seismic upgrade of the 7.2km Richmond-San Rafael bridge across San Francisco Bay to US firm Tutor-Saliba. Work will add some 13.6t of reinforcement to the 44 year old double deck steel truss structure.

FINANCIAL TIMES

Contractor John Mowlem is planning to buy back £50M of its shares by tender and pass on to investors profits from sale of scaffolding firm SGB .

Senior politicians in Japan's ruling coalition have called on the government to scrap £18bn worth of public spending projects in a bid to reduce the debt to gross domestic product ratio which has spiralled to 130%.

South Africa is to build the largest telescope in the southern hemisphere, able to view objects in space more than 10bn light years away. The £20M project is being funded by the South African government, and UK, US and Polish universities.

BNFL's long term liabilities have been valued at £7bn following a review of the groups' activities. The costs include decommissioning plants and cleaning up radioactive materials. It is feared the costs could cause the Government to revise its planned privatisation of up to 49% of the company.

THE INDEPENDENT

Railtrack is to urge the Government to relax planning restrictions controlling green belt land, so that it can develop up to 12 rail freight terminals. The infrastructure company claims it will be impossible to achieve the 80% growth in rail freight over 10 years demanded by Deputy Prime Minister John Prescott unless the sites are released.

Cement giant Blue Circle is looking at the £1bn purchase of Japanese cement manufacturer Taiheiyo. The move would give Blue Circle a major toehold in the Asian concrete market.

The Health & Safety Executive's chief inspector for the rail industry Vic Coleman has admitted that he does not have enough staff to carry out adequate safety checks.

The revelation was made at the inquiry into last year's Paddington rail crash.

SUNDAY BUSINESS

Hong Kong's Mass Transit Railway Corporation is preparing for a 20% privatisation, predicted to raise £1.3bn for the Government exchequer.

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