BEIJING, CHINA — China Grain Reserves or SinoGrain said on June 30 that it plans to invest 10 billion Yuan ($1.61 billion) on grain storage and infrastructure.
An asset management department official said this is an unprecedented scale of construction that includes grain reserves and modern grain logistics projects. The projects will cover 29 provinces, autonomous regions and municipalities.
Part of the project includes large-scale repair and renovation of an existing grain storage facility that has been in operation for more than 15 years.
The large-scale grain storage maintenance plan will enhance the facility to meet higher standards of security and storage technology.