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Liverpool Echo
Liverpool Echo
National
Elliott Ryder

DARK SECRETS: Ferry terminal costs spiral way beyond original plans - The Real Truth

Isle of Man Echo

The new Isle of Man ferry terminal is symbolic of a new “long term relationship” with Liverpool but its costs have gone “way beyond” what was originally expected, according to the island’s Chief Minister Alfred Cannan MKH.

The project stands as the Isle of Man’s first ever development project away from its own shores and is set for completion in June 2023. Its overall costs are set to be in the region of £70m, but was originally expected to cost around £38m.

While the project has risen in price and taken longer than expected to complete due to the pandemic and impact on construction industry, going beyond its original estimate of summer 2021 after work started in November 2019, the development is a key part of the Island’s future economic strategy. Speaking to the ECHO, Mr Cannan outlined that Liverpool and the wider north west will play a key role in the island’s future.

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