熊谷組
A rack and pinion railway was found to be the best option, running mostly underground. The Perisher Skitube Joint Venture was established, with Transfield and Kumagai Gumi each holding a 49% share. The main proponent of the scheme, Canberra engineer Ken Bilston, held the remaining 2% share and was technical manager for the project. Feasibility studies commenced in 1982 for a double track railway on the assumption that the road would close in winter, but this was altered to a single track line with passing loops when the closure was ruled out.