Part of the road, about 18km from the Coronet Peak turn-off, collapsed into the Shotover River yesterday morning.
Engineers met this morning to discuss repair options and agreed on a method that could see the road reopened within four or five weeks.
The slip was thought to be caused by rain and snow during the previous two days.
"We are looking at a proposal to cut into rock wall on the inside curve of the slip area to create a road bench and to rock bolt as necessary," transport manager Denis Mander said in a statement today.
We are proposing that works start immediately and that we adopt a seven day working week to bring forward the re-opening date."
Although the proposal required consent from the Otago Regional Council, QLDC hoped to receive the Regional Council's support within the next two days.
The proposal was also being considered by the Historic Places Trust. The area of the proposed ‘cut' would not affect any historic stacked stone walls.
The council had yet to arrive at a final cost for the repairs.
Until the road is repaired, it will be a case of getting groceries by helicopter for one Skippers Canyon family.
Skippers Canyon Jet owners Winky and Jerry Hohneck woke up yesterday to find part of Skippers Rd had plunged 100m into the Shotover River.
It meant at least 40 cancellations for their business and left the pair pondering how they would transport customers until the road was reinstated.
"Business-wise, we are looking at helicopter access to get the customers in and out," Mrs Hohneck, a fifth-generation Skippers dweller, said.
"[But] the cupboards are full. We'll be fine."
The Hohnecks are one of two families on the "wrong" side of the slip.
Georgina and James Murray live on and run nearby Branches Station, a sheep and cattle farm.
Mrs Hohneck said while it was impossible to get any vehicle over the road, there was still half a metre on which to walk past the slip, and she was lucky enough to have a vehicle parked beyond the collapsed area.
"I'll just have to walk now."
The collapse of the road potentially disrupts access to the canyon for four other tourism business operators: Kiwi Discovery, Nomad Safaris, Heritage Tours, and Off-road Adventures.