100 million euros for a wreck

The wreck of the Costa Concordia cruise ship will be scrapped in Italy. Several ports across Europe tried to outbid each other to dismember the wreck of the famous ship, but Genova was the one to win it.

Italian media reported ports in Norway, Britain, Turkey and Italy had been bidding to win the contract to dismantle the wreck. It looks like Costa Concordia will finally arrive home. The ship was built in 2004 in Fincantieri Sestri Ponente and it might have its last voyage top the same place. “I can confirm that the dismantling of the ship will take place in an Italian port,” said Maurizion Lupi, Transport Minister.

Il Sole 24 Ore reported that Costa Cruises, the largest cruise operator in Europe picked a consortium of companies with such experience like Mariotti, San Giorgio and Saipem to get the job done. Costa spent more than 1 billion euros to salvage the Concordia from its watery tomb. However, the cost will not stop here. It will set them back an extra 100 million euros for the process of dismantling the wreck.

Costa Concordia sank in 2012 off the coast of Isola del Giglio. The ship suffered severe hull deformations in two places and had been declared a total loss after refloat operations were complete.