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)
