Overall the total cost of the Isle of Man Steam Packet Company's new flagship ferry is expected to be £80m, confirmed the Manx Treasury Minister, reports BBC News.

According to the Minister, Dr. Alex Allinson, an additional £2m is on top of the planned £78m budget that had been spent on getting the built in Asia Manxman ready "into service".

The newbuild has a passengers and crew total of 1000 and as for vehicles, there is capacity for 237 private-motorists and 75 freight-trailers.

At the Manx Parliament, the Tynwald is where the Minister told members of the final adjustments made to the figure were "likely" as part of the IOM Steam Packet's year-end processes.

The 24,161 gross tonnes flagship, the biggest ever IOMSP ferry was constructed at the Hyundai Mipo Dockyard (HMD) in Ulsan, South Korea, which arrived in Manx waters in July. In the following month, the 133m flagship made its maiden voyage on the Douglas-Heysham route, the main and only year-round operated route of the Manx Government owned company's route network.

In the ferry firm's directors' report for 2022, it stated the project was forecast to be "complete within its estimated budget of £78m".

Dr. Allinson also confirmed the extra funds had been needed for trials at various ports, in addition for the evacuation system training, cutlery, crockery, bedding and other equipment needed for use of passengers.

The Minister was questioned by Juan Watterson, SHK on the costs involved as engineers from HMD, are currently working on board trying to address "vibration problems" experienced on the ferry, in which Dr Allinson believed the work would be covered by the agreed warranty.

More here on the rising cost of the new ferry.