The Regional Development Minister says there isn't a 'cracker left' after the latest bailout for the Mount Ruapehu skifields.

The Government has agreed to send $7 million to the Whakapapa skifield, to ensure the season can go ahead.

Another $3 million will support the sale of the Tūroa skifield to Pure Tūroa Limited, while it's in concession talks.

This is despite the Prime Minister previously saying there would be no more money for the operators.

Minister Shane Jones says this is the last chance.

"I've been advised by the advisors, there is a live deal pertaining to Tūroa. On the other side, Whakapapa, that's a bit more complicated."

LISTEN ABOVE

The Regional Development Minister says there isn't a 'cracker left' after the latest bailout for the Mount Ruapehu skifields.
The Government has agreed to send $7 million to the Whakapapa skifield, to ensure the season can go ahead.
Another $3 million will support the sale of the Tūroa skifield to Pure Tūroa Limited, while it's in concession talks.
This is despite the Prime Minister previously saying there would be no more money for the operators.
Minister Shane Jones says this is the last chance.
"I've been advised by the advisors, there is a live deal pertaining to Tūroa. On the other side, Whakapapa, that's a bit more complicated."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.