The Manx Electric Railway Society has put forward £9,000 to run the line up to Snaefell.
It comes following Infrastructure Minister Tim Baker claiming there isn't footfall to justify running the service this year.
The Committee unanimously voted to transfer the funds - meaning the railway can operate for three weeks from Friday, August 21.
It comes in time to mark the railway's 125th anniversary.
Chance to meet Manx Care's feedback team
There's a chance to meet the team that provides feedback from patients to Manx Care this month.
Tributes paid after Pope's death
The Island's churches are paying tribute to Pope Francis, who died earlier today.
TV auctioneer in Douglas this week
There's a chance to meet a celebrity TV auctioneer this week - and get your items valued.
Former minister wants to prevent NHS privatisation
Former health minister Lawrie Hooper is to ask Tynwald to stop Manx Care privatising parts of the Island's health service.
Project hopes to help new arrivals to Island
A new project is hoping to find out how the Island welcomes new arrivals - and what they're looking for here.
Government rules blamed for motorsport firm's closure
A company running trackday events at Jurby says it’ll close immediately because of new government rules.
Villa Marina to mark VE Day celebrations
A free concert at the Villa Marina next month will mark the 80th anniversary of VE Day.
Government's AI strategy will include regulation
Chief Minister Alf Cannan says the Isle of Man will come up with our own rule and regulations governing Artificial Intelligence rather than adopt them from the European Union.
