GRAINCORP has announced it is looking at investing in rail infrastructure to improve efficiencies in getting grain to port terminals.
And it is expecting to announce the closure of inefficient silos before harvest begins this year.
Speaking at the release of the company’s half-yearly profit results today, GrainCorp executive chairman Don Taylor said the agribusiness was willing to invest in rail but preferred co-investment with governments.
Mr Taylor welcomed the investment by the Victorian Government to standardise the Mildura and Hopetoun rail lines but said it was “not without its challenges”.
One of these so called investments is reported to be the recommissioning of the Dookie line near Shepparton.