The licence and permission will be terminated by 2048
Mr Thomas was responding to a question from Douglas South MHK Claire Christian.
Local authority chairman Godfree Egee said the closure would be a great loss.
The origins of Laxey's current sewage network dates back to 1912.
The figures came after a question from a question from David Ashford MHK.
Tim Johnston asked for an update on the report.
Mona Sings is available from the Bridge Bookshop
Questions came from Jason Moorhouse MHK
MNH said the statue would be returned next year.
The scheme is only available during term time and for the period October 31 to March 31.
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