The new board is in response to overspending on the Liverpool Ferry Terminal
The new body set up to provide improved scrutiny of government capital projects over £3million will be chaired by a UK based civil engineer and senior business leader.
Barry O'Driscoll, who lives in Gloucestershire, will be chairman of the Major Projects Board following his appointment as special advisor to the Treasury.
The new board is a response to the massive overspend on the Liverpool Ferry Terminal, which is expected to become operational in the spring.
Mr O'Driscoll has more than 25 years' experience of civil engineering design and construction, predominantly in the UK construction sector.
He currently sits on the Irish Government's Major Projects Advisory Group.
He says he's looking forward to assisting the Isle of Man government deliver 'better outcomes' from its diverse portfolio of projects and that the board is an important first step.
Responsibility for project delivery will remain with the relevant government departments.
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