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.
New laws for young workers come into force today
New government regulations strengthening protections for children in part-time work have come into force today, Wednesday, April 1.
Manx Care extends mental health service to more surgeries
Manx Care's announced it's expanding a new mental health service to nine more GP practices.
Bus Vannin confirms normal services to run over Easter
Bus Vannin says services will be running as normal during the Easter weekend.
Steam Packet's new Northern Irish route launches today
The Steam Packet's officially launched its new Northern Irish route.
Creamery reassures milk buyers over price rise
Isle of Man Creamery has moved to reassure customers over the price of its milk.
April fool - did you get caught this morning?!
The Isle of Man's seen its fair share of online pranks this morning.
Tea room shuts its doors for good
A tea room in the west of the Island has announced it's closed down.
Milk up more than 5p a pint from today
The price of milk has risen by almost twice the rate of inflation today.
