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.
Drone ban for skateboarding championship
The Civil Aviation Authority says drones will be banned from the Mountain Road this weekend.
Pick it up plea from Castletown commissioners
Castletown commissioners have issued a plea to the ancient capital's dog owners.
New online Isle of Man guide for refugees and asylum seekers
An organisation which supports the rights of refugees has updated its website with a guide to legal assistance on the Isle of Man.
Lifeboat called to yacht's rescue
Ramsey lifeboat was called out to help a yacht off the Scottish coast last night.
Government reveals TT viewing figures
Just one in five people who sign up for the Department for Enterprise's TT streaming service pay for the live coverage.
Final wind farm hearings set for July
The final meetings and hearings for the proposed Mooir Vannin Offshore Wind Farm have been announced.
Cocaine dealer to appeal 14-year jail term
A Douglas man serving 14 years in jail for his part in a cocaine-smuggling operation is to appeal against his sentence.
Infrastructure Minister defends road checks for cat’s eyes work
Roads are always inspected by the Department of Infrastructure before workers install cats eyes.
