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Over $1 billion allocated for KiwiRail's planned network investments in the Budget means “all the things we want to upgrade are going to happen”, Rail Minister Winston Peters says.
He told Mike Hosking they have not asked for more than they should get.
Peters says it’s based on the fact that it’s a business or industry that’s been turned around rapidly where it’s going to make a greater profit.
The Rail Minister says getting that funding was a “great thrill” but it was common sense to fund rail, which was 2.5 times more fuel efficient than road transport.
And on the subject of the Middle East, Peters says the Iranian regime 'somewhat' knows what it's doing.
US sources report US and Iranian negotiators have agreed to a deal which would extend their ceasefire for 60 days, begin nuclear talks, and open the Strait of Hormuz.
It's understood the new agreement hasn't yet been approved by the leadership of either country.
The Foreign Minister spoke with the Iranian Foreign Minister on Wednesday.
Peters told Hosking Abbas Araghchi laid out details in the memorandum of understanding.
He says all the details were included except denuclearisation.
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