The Tourism Minister has hopes of a long-term future for Ruapehu Alpine Lifts.

The Government has expanded its loan to the company by another $6 million, to give it more time to explore options, and open the ski fields next winter.

The company went into voluntary administration in October, with Covid exacerbating long-standing issues including bad snow years.

Stuart Nash told Mike Hosking people are keen to see the business continue to run.

He says after speaking to a number of key stakeholders yesterday, there's a willingness among them to make it work.

LISTEN ABOVE

The Tourism Minister has hopes of a long-term future for Ruapehu Alpine Lifts.
The Government has expanded its loan to the company by another $6 million, to give it more time to explore options, and open the ski fields next winter.
The company went into voluntary administration in October, with Covid exacerbating long-standing issues including bad snow years.
Stuart Nash told Mike Hosking people are keen to see the business continue to run.
He says after speaking to a number of key stakeholders yesterday, there's a willingness among them to make it work.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.