The Regional Development Minister says Mount Ruapehu is highly likely to open for skiing this year.
The Government has decided to split the running of the mountain's ski fields and is supporting two bidders to take over.
Whakapapa Holdings and Pure Tūroa Limited are now expected to purchase the assets and business from Ruapehu Alpine Lifts.
Minister Kiri Allan says only two more barriers are left to be crossed.
"75 percent of those that are owed a debt have to agree to the deal. And then the second- 50 percent of those shareholders that vote have to agree. Those shareholders are the life pass holders."
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