New ride for Rainbow's End?
Buckle up - theme park operator Rainbow's End will soon be unveiling what is thought to be a new ride at its south Auckland site.
While the board is remaining tight-lipped over exactly what its new confidential project is, it's understood it is a thrilling new ride which will likely take price of place on the highly-visible eastern end of the park where the Fear Fall ride is located.
New Zealand Experience (NZE), the stock exchange listed company that operates Rainbow's End, referred to the project at its annual meeting today.
It's last ''adrenalin-pumping'' ride was The Invader which opened in December 2009. It arrived from Italy in six 40ft containers and travelled from the Ports of Auckland in Convoy to the Rainbow's End site in Manukau.
Development in the park is ongoing with three new eateries introduced and a brand new stage built in December 2010 which replaces the former stage and opens up the central courtyard.
Two main paths have been considerably widened to allow better flow of users. A shaded seating area has also been introduced between the Log Flume ride and the Corkscrew Rollercoaster, including one of the new eateries.
NZE chairman Anthony Frankham said the company would continue to develop and improve areas of the park this financial year ''through various theming and rejuvenation projects''.
It has already begun building a new maintenance facility and workshop to support the continued growth of the park and should be completed in the next few months.
''The management team is also currently completing the plans for our next major attraction,'' he said.
"We anticipate construction work commencing in the last quarter of the financial year (April-June 2012). Details of this new project will be announced in the New Year.''
After the meeting Frankham said he could not even provide hints as to what it might be.
''For promotional purposes we're keeping the wraps on it until we're ready to tell the market what it is.''
But an investor was later overheard talking of something ''bigger than The Invader'' and that it was likely to take a prominent spot near the main roads entering Manukau City.
The company made a profit after tax of $1.45 million in the year ended June 30 on sales of $10.5m.
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