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The government is stumping up another 7 million dollars for Ruapehu Alpine Lifts to ensure the ski season can go ahead on Whakapapa.
Cabinet has also agreed to provide 3 million in equity and loan funding to support the sale of the Turoa ski field assets to Pure Turoa Limited.
It's the fifth government bail out for the company, which went into voluntary administration in 2022.
The government has warned this latest lifeline is the last one.
Regional Development Minister Shane Jones speaks to Lisa Owen