A deal has been agreed for the purchase of the Prince's Half Tide Dock in Liverpool, to develop a new ferry terminal.
The Department of Infrastructure confirmed negotiations have been made with the owner Peel Land and Property Limited.
The Initial decision to buy the land was made by Tynwald in July 2016.
The new site is scheduled to open in 2021.
Rapists to appear in court in May over appeal
Two rapists serving lengthy sentences after attacking a teenage girl in a Douglas flat will appear in court later this year to appeal their convictions and sentences.
Police and ambulance dealing with a crash in Peel
The Police say there have been serious injuries at a crash in Peel.
Benefits questions raised in Keys
Treasury Minister Alex Allinson says he's hopeful a way can be found to pay benefits in cash - as people move to payments into their bank accounts.
UK couple on trial after police found £10,000 in Manx money
Two people from London are standing trial in the UK after police found more than £10,000 in Manx notes in their car.
One in eight go without heat, survey shows
One in eight people on the Island say they don't get sufficient heating, according to a government survey published this week.
Horse tram services cut for TT 2025
Horse trams in Douglas will run a reduced service during the Island's largest motorsport festival this year.
Ferries facing more disruption today
The Steam Packet Company says disruption to its sailings continues today.
Bid to reunite families with hand and paw prints
Are these your baby's precious handprints?
