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.
Roisin's through to the finals of BBC One show
A young woman from Ramsey has made it through to the finals of a BBC show.
Ramsey department store closing after tomorrow
A department store in the North has announced it's closing down after its last sale tomorrow.
Blood transfusion figures revealed
Manx Care says it was asked for 1,341 units of blood last year.
Road closures for hill climb events
Roads around the Island will be closed this weekend for a motor racing event.
Man denies causing £1,000 worth of damage to car
A man has denied keying someone's car and causing more than £1,000 in damage.
Benefits fraudster due for sentencing
A benefits fraudster who wrongly claimed more than £140,000 will be sentenced this week.
Dandara backs Ballalockie campaign
A campaign to ensure a teenager can come back home after a serious accident has had the backing of a property development company.
Petition to give parents info on sex offenders
A Douglas woman is calling for the Island to introduce new laws to find out about sex offenders.
