Hopes a multi-million dollar government loan to Ruapehu Alpine Lifts liquidators gets the skifields off thin ice.

The Government is chipping in up to $5 million towards the liquidators, as a new bid has entered the table

A group on behalf of iwi is now proposing to take over operations of the skifields - the bid for operations to be split between two other companies is still on the table.

Ruapehu Mayor Weston Kirton says it's a complex situation, but the financial backing helps jobs.

He's sure businesses and communities are clapping with joy, and he's hoping for a good snow season.

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