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:
Ard-Shirveishagh hopes he's given members enough time to consider 'Charter for Change'
Document only published a week before Tynwald
Live video streaming 'significant step' in making parliament more accessible
Public can now watch proceedings online
Treasury: 'Challenging to justify support for heating oil customers'
MHK says Island is 'dangerously close to a Dickens' novel'
Increase of more than 500 patients for mental health services over last 12 months
Waiting list has also climbed from 1,160 to 1,433