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.
Minister defends admission prices to MNH attractions
Enterprise Minister Tim Johnston says the cost of getting into the Island's historic sites is up to Manx National Heritage.
Thie Clag cafe up for rent
Could you run a business in the former Nurse's Home on Westmoreland Road?
Minimum wage changes on the way?
The government says it's planning changes to the way the minimum wage is calculated from next year.
Gas prices to rise by 5.3 per cent from July
Gas prices are due to rise by more than five per cent in less than a fortnight's time.
MP says UK is behind 'progressive' Isle of Man on assisted dying
A leading UK MP has admitted the country is behind progressive nations like the Isle of Man when it comes to assisted dying.
Candi the Ramsey cat crosses rainbow bridge
One of Ramsey's best-known four-legged residents is being mourned after she was run over.
Chemical incident in Derbyhaven sparks warning from fire crews
The Island's Fire and Rescue Service is asking people to avoid Derbyhaven this morning.
Move your car from Lord street as developer starts work
If you're parking at the car park behind the Lord Street bus station, you'll need to move your car this weekend.
