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:
Tynwald approves changes to sitting schedule, including half-term breaks and revised start dates
Measures to avoid school break sittings backed, with earlier October and January starts agreed
Plea to Manx parents to check meningitis vaccination status
It follows the death of two young people in the UK
Bus dispute ‘a considerable way apart’ as talks continue, says infrastructure minister
Tim Crookall optimistic progress is possible despite ongoing strike action and disagreements over contracts and pay structure
Noble's bed capacity exceeding industry-recognised 'safe levels'
The health minister's been responding to an urgent Tynwald question