Crown receiver appointed for Ruapehu Alpine Lifts
Published: 27 October, 2023
Ruapehu Alpine Lifts (RAL) has been placed into Crown-appointed receivership.
Calibre Partners has been appointed receiver.
“The many communities directly and indirectly affected by operations on Mt Ruapehu have been taken into account in coming to this decision,” says Head of Kānoa, Robert Pigou.
“The purpose of placing the company into receivership is to provide time for decisions to be made on the future of RAL, in the interest of ensuring the best lasting outcome for these communities.”
This decision follows the Government's agreement earlier this month to provide additional loan funding of $4.3 million to support RAL until further decisions can be made on the pathway forward for operations on Mt Ruapehu.