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Graincorp Limited (ASX:GNC) says it will invest $60 million in 13 country site upgrades this year.The grain handler has launched the initiative as part of Project Regeneration which was announced in June last year.Project Regeneration involves developing a network of more than 50 high capacity country sites to support an efficient rail operation.Graincorp says this will reduce rail costs by about $5 per tonne and return up to 1 million tonnes of grain to rail.Graincorp reported a net profit of $50.3 million in the year to the end of September 2014.
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