SINGAPORE, May 21 - Singapore plans to help develop a $16 billion agricultural project in northeastern China as the city-state aims to boost its food security.Under a series of agreements signed with China's Jilin city, Singbridge, a unit of Singapore state investor Temasek, will help assess the commercial feasibility of the planned China Jilin (Singapore) Modern Agricultural Cooperation Food Zone.
The first phase of developing the agricultural zone, spread over 1,450 square kilometres, more than double Singapore's land area, will cost an estimated 10 billion yuan ($1.5 billion) in the first five years, according to speech notes provided by Jilin authorities.
The entire project, spread over 15 years, will cost about 110 bln yuan($16.5bilion). Full Story
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