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.
Sex offender anonymity laws to come under spotlight in Tynwald next week
Laws giving alleged sex offenders anonymity will be under the spotlight in Tynwald next week.
Number of clinical negligence claims faced by Manx Care disclosed
Health Minister Claire Christian says Manx Care has faced 25 clinical negligence claims since it was set up five years ago.
How much does failed TT merch company still owe government?
How much does a TT merchandise company still owe the government after it collapsed?
Talk next week asks how stargazing could bring business to Manx farms
Could the Island's clear skies and low light pollution bring more business to farms?
'Wardrobe Refresh' used clothes sale tomorrow will aid charity
Fancy updating your wardrobe and helping out a good cause?
Questions over final cost of Liverpool ferry terminal in Tynwald next week
Questions about the government's new ferry terminal in Liverpool will be raised in Tynwald next week.
Fun day to mark reopening of family library today
A huge fun day will mark the reopening of the Island's family library in Douglas today.
MHK wants more details on anonymous campaign donations to trust
An MHK has asked for more details about a charitable trust which receives any anonymous political campaign donations.
