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:
£41K spent on encouraging people to shop local
DfE says schemes have been 'generally well received'
Baton of Hope to come back to Isle of Man
'Stand Up to Suicide' message continues to be spread
CoC 'keen' for continuity of sidecar racing at TT
Meetings to be held in coming weeks following review
2026 Manx Grand Prix to begin today
Nearly two weeks of action planned for Snaefell Mountain Course