$2bn project approved
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WORK will begin on one of Australia&#39;s biggest industrial projects within weeks, after Canadian giant Alcan today approved a $2 billion expansion of its alumina refinery in the Northern Territory.
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UK BUILDING materials firm and world market leader RMC has agreed to a Â£2.3 billion takeover bid from the worldâs third largest concrete-maker, Cemex of Mexico.
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Vietnam approves plans to build a $33bn (Â£15bn) rail link between the capital, Hanoi, to Ho Chi Minh City in the south.
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BHP Billiton, the world&#39;s largest miner, approved the $990 million Spence Copper Project in northern Chile and a $575 million expansion of its iron ore operations in Western Australia.
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A consortium led by investment bank Macquarie Bank won aA$2.5 billion ($2.68 billion) contract yesterday to build Australia&#39;s longest toll road, edging out a rival bid led by Transurban Group.
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Contractors get a boost from a major west African project.
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The Queensland Gas Company, an Australian producer of natural gas from coal seams, and the BG Group of Britain plan to invest about 8 billion Australian dollars ($7.2 billion) in an export project in northeastern Australia to tap rising demand for the fuel.
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Australian Prime Minister John Howard on Monday announced a 2.0 billion dollar (1.68 billion US) plan to provide fast and affordable Internet access across the vast country.
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The pledge by Australia came on top of its previously announced donation of $46 million, making the country's total $810 million.
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The board of Kotak Mahindra Bank Ltd has approved an issue of shares representing a 2.75 per cent stake to Warburg Pincus International LLC.
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GLASGOW, May 24 (IPS) - Some retired engineers in the Pakistani port   city  Karachi figured they'd had enough of corruption in the  awarding   of contracts. They found support from the Partnership  for Transparency   Fund, no more then 23,000 dollars, to do no  more than watch a process   of awarding of contracts in a 100  million dollar project of the   Karachi Water & Sewerage Board.
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The first S$700 million ($457 million) phase of Singapore's massive underground oil storage project will be completed in four years, a government minister said on Thursday, two years later than initially planned.
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The Ontario government approved 10 electricity-generating projects that will power about 100,000 homes and generate C$700 million ($593 million) in new investment in the province.
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The government gives planning approval for the world's first large-scale wave farm off the Cornish coast.
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India's state-owned telecom provider signs $8.2 million contract with the company.
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Panama is set to start work on a $5bn (Â£2.4bn) project to widen the Panama Canal to increase its capacity.
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AUSTRALIA will provide $2 million to assist in the fight against HIV/AIDS in the Asia-Pacific region, Foreign Minister Alexander Downer said today.