New $7.35 million support package to allow RAL to operate


Newshub report states:

“The financially troubled Ruapehu Alpine Lifts (RAL) is to get its fourth cash injection from the Crown in a year, with a $7 million announcement on Monday.

Liquidators PWC, which took over when RAL went into voluntary administration last year owing $45 million, have told Newshub they only enough cash to keep the skifields operating until the end of next month.

Newshub can reveal Cabinet has met to rubber-stamp a new $7.35 million support package to allow RAL to continue until March 2024.”

Full report is here:

Exclusive: Cabinet rubber-stamps another $7m to keep Ruapehu skifields open (msn.com)

Kiwi sign near the road leading to the volcano Mt. Ruapehu, national park Tongariro. New Zealand.

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