Figures revealed in Tynwald this morning
The Department of Infrastructure has confirmed the Liverpool Ferry Terminal is costing the public purse more than £710,000 each year.
That figure is expected to rise with inflation, while additional service charges are forecast to increase in line with UK RPI.
Part of the annual cost includes a contingency fund for unforeseen circumstances.
Departmental member Lawrie Hooper says a lease agreement has still not been finalised:
Further adjournment for attempted murder accused
19-year-old is also charged with several other offences
Risk of overregulation ahead of Moneyval has led to 'friction'
Chief minister discusses response from business sector ahead of assessment
"Most" remaining MiCard users sign up for bank account payments
Minister says fewer than 100 may receive new cards after service switch-off
Storm Bram: Red weather warning to come into force later
We're told to expect 'severe' coastal overtopping this afternoon
