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:
Manx Care undertaking 'comprehensive validation' of ENT waiting lists
Chief executive faces scrutiny on Mannin Line
Taxi fares on the Island to rise
RTLC determines maximum fares to be charged later this month
Bus Vannin warns of services at risk this evening
Bus operator says eight services may not go ahead
Weather causes changes to today's sailing schedule
Some services cancelled while Larne crossings pushed back 24 hours