Cabinet paves the way for proposed Ruapehu owners

Minister Kiri Allan said the ideal outcome would be for the ski fields to open this winter. (Image: NZME)

Mon, 12 Jun 2023

Cabinet has smoothed the way for two approved private bidders to take over ski operations at Mt Ruapehu, agreeing to write off prior government debts if the deal goes ahead and providing assurance the costs of removing "redundant" infrastructure will be covered if needed.This follows non-profit operator Ruapehu Alpine Lifts (RAL) being put into voluntary administration owing more than $40 million including more than 15,000 people who hold ski passes. The two bidders are Whakapapa Holdings, financed by private equity group the Sou...

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