Fiordland monorail project declined

Thu, 29 May 2014

By Pattrick Smellie May. 29 (BusinessDesk) - Conservation Minister Nick Smith has knocked back controversial plans to build a monorail through native forest as part of a tourism initiative that would have opened up a new route between Queenstown and Lake Te Anau, but which independent economic analysis suggested had "little prospect that the business idea could translate into a viable business." Dickson's estimates of the enterprise value of the proposal went as low as negative value of $441 millio...

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