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Minister reveals Steam Packet loan figures

The Steam Packet has repaid more than £27.3 million from a £154 million government loan issued in 2021.

Treasury Minister Chris Thomas gave the numbers in the House of Keys this week, in response to a question from Arbory, Castletown and Malew MHK Jason Moorhouse.

The minister said the repayment was principal and interest, with the money loaned at a rate of one point seven percent.

Mr Thomas explained what the money was used for:

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