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Steam Packet buyout backed by chief minister

The Chief Minister says buying the Steam Packet Company is a "once in a generation opportunity".

Subject to approval by Tynwald, the government will buy the company in a deal worth £124 million.

Mr Quayle says the buyout will mean Isle of Man can guarantee a safe and reliable ferry service.

The suggestion will be put before Tynwald on Tuesday, May 15 for members to discuss.

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