The Government remains adamant there will be no further bailouts for Mount Ruapehu's struggling ski field beyond this year. 

Cabinet has agreed to provide $7 million for Ruapehu Alpine Lifts to operate this season. 

The company, which has been in receivership since October last year, has been operating on funds from a previous bailout. 

Regional Development Minister Shane Jones told Mike Hosking that the latest support will definitely be the last. 

He says he's got no mandate to offer more money and is calling this bailout the "last chance saloon". 

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