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 rejects proposed referendum on the Island’s net-zero policy after extensive debate
Island to maintain its current policy approach
Are Manx people happy?
Government publishes Social Attitudes Survey
Tonight's Heysham sailing cancelled
Overnight return service also called off due to forecast poor weather
Plans to progress waste disposal facility near Ronaldsway outlined
The proposals are currently on display at Malew Commissioners
