The deal for the government to take control of the Steam Packet Company is to be completed this week.
The move will be signed by Treasury Minister Alf Cannan.
Tynwald members voted in favour of taking control of the Islands sea services.
The agreement aims to provide long-term stability to the Ferry operations on the Island.
Tin bath races mean bus diversions tomorrow
MHK wants backing for changes to Tynwald members' pay
Storage firm announces closure
Mountain Road shut for skate setup later
Bus diversions for tin bath day tomorrow
MP criticises Island's fishing visa rules in Westminster
Post Office won't release Evri documents as courier prepares to leave Island
Strix to shut Ramsey factory
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