Funding of replacement fastcraft needs to be considered

Steam Packet due to replace Manannan in 2026

There needs to be consideration over how a replacement fastcraft the Island will be funded.

That's from the treasury minister, who's been giving evidence to a Tynwald committee looking into regulation of the Steam Packet Company.

The Treasury-owned operator's contract with government - the Sea Services Agreement - states a replacement for the Manannan should be secured by 2026.

Dr Allinson says there's work to be done to determine what's required of the new vessel: