3 Oct 2023

Ruapehu Alpine Lifts gets bailed out for the fourth time

From Morning Report, 8:49 am on 3 October 2023

Ruapehu Alpine Lifts is getting its fourth multimillion-dollar bailout of the year.

The government has agreed to give the company, which is in voluntary administration, an extra $7 million.

This is intended to keep it running for five more months - through the election, and the summer.

Richard Nacey is a partner at PWC and co-administrator of the company.

Nacey spoke to Ingrid Hipkiss.