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.
Wasps going on in Pulrose
People are being warned to steer clear of a giant swarm of wasps in Douglas.
Port Erin Tesco opens on Thursday
A supermarket in Port Erin will reopen under its new owners this week.
Deal Or No Deal presenter on the Island
Former radio and TV presenter Noel Edmonds has been spotted on the Island.
Commissioners ‘lamppost gate’ complaint maladministration
The Tynwald Commissioner for Administration has ruled Ramsey Commissioners taking too long to reply to a complaint as ‘maladministration’.
Mobile library adds Laxey to its route map
A new stop has been added to a mobile library's bus route.
Cosmo fundraiser hits £1,000 target
A fundraiser in memory of one of the Island's most famous cats has hit its target.
Burst water main closes street
A burst water main has shut a street in Peel today.
Local artist's works featured on new stamp set
Isle of Man Post Office will issue six stamps based on a Manx artist's work.
