Minister admits final cost of development is still unclear
Treasury is engaging ‘specialist legal advice’ over some of the costs incurred during the project to build the Isle of Man Ferry Terminal in Liverpool.
In the House of Keys this week Minister Alex Allinson admitted the final cost of the development is still unclear.
That’s due to a range of payments which are currently being disputed.
Recent estimates put the price tag at between £70 and £75 million.
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Douglas Central MHK Chris Thomas had asked for details of how much of the contingency budgets were being used in this financial year and whether was enough for the next year too.
However Minister Allinson refused to say citing ‘ongoing legal adjudications’:
Treasury says it’s working with the Department of Infrastructure to come up with a final cost for the project which will then be brought to Tynwald as part of a supplementary vote for more funding.
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