Infrastructure minister David Cretney said the work will "help to bring the town centre in to the 21st Century".
BBC: Artists impression of Douglas works
Infrastructure minister David Cretney said a limit could not be easily enforced and was not supported by the majority of the population.
BBC: No plans for national speed limit: Isle of Man government
David Cretney MHK said it will be a "tremendous boost to the economy of Douglas to physically join up the financial and retail sectors".
BBC: Douglas regeneration scheme on schedule
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