The facility is expected to open by 2021
Construction of a new ferry terminal in Liverpool will cost up to £30m.
The Department of Infrastructure has confirmed it's agreed a deal to build a new facility at Princess Half Tide Dock, which is expected to open by 2021.
The project is still subject to approval by Tynwald and will have to go through the planning process.
Minister Ray Harmer explains the cost:
Mountain Road reopens
DoI says all maintenance works are 'complete'
MHK's react to UK Government's Assisted Dying Bill recommendation
Rob Callister, Lawrie Hooper and Tim Glover have all taken to social media
IOM Medical Society 'welcomes' UK decision on Assisted Dying Bill
Group says it is 'grateful for this intervention'
Assisted Dying Bill mover 'aware of danger of Bill timing out'
Alex Allinson is hoping to bring amendments to the House of Keys in the coming weeks
Peel Commissioners progressing £26,000 beach stage for summer trial
Local authority says it will go ahead if grant funding can be secured