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Aug 27th, 2013 Comments: 0

$1 billion bill for Costa Concordia salvage

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NEARLY two years after it struck rocks and capsized off the coast of Tuscany, the luxury cruise liner Costa Concordia is to be hoisted upright in an unprecedented billion-dollar salvage operation.

The project is, according to officials, the most complex such manoeuvre undertaken due to the size of the 290m ship, which weighs 114,500 tonnes, twice that of the Titanic, and because it is perched on its side on a steep, rocky slope.

$1 billion bill for Costa Concordia salvage

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