New private operators have been shoulder tapped by the Government to run Mt Ruapehu鈥檚 T奴roa and Whakapapa ski fields,聽.
The previous operator, not-for-profit operator Ruapehu Alpine Lifts (RAL), moved into voluntary administration in October, owing about $45 million to the Government, ANZ bank and bondholders in RAL鈥檚 Sky Waka gondola.
Since October, the Ministry of Business, Innovation and Employment (MBIE) had fronted up with $8m to get the ski fields ready for this coming season, with ANZ adding a further $2.5m into the pot and life pass holders asked to stump up a transfer fee and three-year levy.
A spokesperson for MBIE鈥檚 regional economic development unit said the agency had identified four potential bidders for the business and would make a decision in 鈥渄ue course鈥.
PwC partner and administrator John Fisk, however, said this had already been whittled down to two bidders.
Read the full BusinessDesk story聽.
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