The scheme will provide access from Waterloo Road to the £30m facility in Princes Half Tide Dock, located within Peel Land and Property Limited's £5 billion Liverpool Waters scheme.
The link road is part of the second phase of the wider £45m Liverpool city centre connectivity scheme, which includes the construction of a second waterfront link road to provide a connection between the existing Bath Street/Princes Parade/Waterloo Road junction and the new signalised junction at Leeds Street/Great Howard Street (A565).,
Following a Europe-wide procurement process, a report to the council's cabinet next week will recommend the contract be awarded. On cabinet approval, the highways contractor will be formally appointed and then head of terms will be signed with Peel Land and Property Limited to lease the land to the council for the construction of the road.
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Mayor of Liverpool, Joe Anderson, said: "The new Isle of Man ferry link road is a vital scheme and I'm delighted we are now at the stage to make the project live.
"The road's core function of is obviously to support the new ferry terminal but it will also bolster the wider development of the Liverpool Waters scheme and we are grateful to Peel and the city region combined authority for their support in this scheme.
"Along with the second link road, which will cater for our new cruise facility, the city centre connectivity scheme is beginning to take shape and with each element another big step is taken towards future proofing our economy.
"Creating this infrastructure is a huge priority for the city council because of its potential to fuel a renaissance in North Liverpool – not least the Ten Streets creativity district and the expansion of the Commercial Business District – which will underpin billions of investment that will benefit this city for generations to come."
Darran Lawless, Development Director at Peel Land and Property responsible for Liverpool Waters, said: "The creation of these roads will make access to Liverpool Waters much easier for those living, working and visiting the waterfront, as well as the various construction and commercial vehicles that will be entering Liverpool Waters as the project continues to progress."
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