7 Dec 2022

Govt gives extra boost to keep Ruapehu skifields running

From Checkpoint, 5:26 pm on 7 December 2022

The government has come to the rescue for Ruapheu Alpine Lifts, giving it another $6 million to make sure the chair lift can fire up next winter.

The company appointed voluntary administrators earlier this year to help dig it out of a financial hole to the tune of $45 million.

The government's already paid out $2 million to help the company avoid going to the wall.

That's on top of $15 million in Provincial Growth Fund money in 2018. Economic and Regional Development Minister Stuart Nash says this latest cash injection is a loan and he expects it to be repaid.

He says more time is needed to explore options to avoid liquidation, and the money will help.

Sam Clarkson is a local business owner and Life Pass Holder who was on the RAL Creditors Committee. He talks to Lisa Owen.