Figures revealed in Tynwald this morning
The Department of Infrastructure has confirmed the Liverpool Ferry Terminal is costing the public purse more than £710,000 each year.
That figure is expected to rise with inflation, while additional service charges are forecast to increase in line with UK RPI.
Part of the annual cost includes a contingency fund for unforeseen circumstances.
Departmental member Lawrie Hooper says a lease agreement has still not been finalised:
Storm Bram: Red weather warning to come into force later
We're told to expect 'severe' coastal overtopping this afternoon
Storm Bram: Mountain Road to close this afternoon
Route to shut between 1pm and 5pm during storm force winds
Occupants of stranded car seek refuge on car roof
It happened just after 8.30am
'Unpleasant conditions' expected around the coasts during red weather warning
The red warning for coastal overtopping comes into force from 1pm
Net-zero policy on the Tynwald agenda today with motion calling for a referendum
MHK says result would inform future governments, but one party is not convinced