Ruapehu Alpine Lifts’ liquidators have secured millions from the Government to keep its fields operating, just in time for the start of this year’s ski season.
It comes a week after the company was officially placed into liquidation after creditors rejected proposals to save the debt-saddled company.
Regional Development Minister Kiri Allan said the Government will provide up to $5 million to the liquidators to ensure the mountain’s 2023 ski season can go ahead.
“We’ve always been committed to finding a way to ensure the ski season on Mount Ruapehu goes ahead this year. Cabinet’s decision today has solidified that,” she said.
“Ruapehu is a very significant part of the economy in the central North Island, accounting for around a tenth of regional GDP, or $100 million per year.
“The season going ahead will save hundreds of jobs and support local tourism, the regional economy and the community, while a long-term solution is found.
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