The Costa Concordia cruise liner, which ran aground off the Italian coast in 2012, is set to be refloated and towed to Genoa. There it will be dismantled and recycled.
The decision ends a battle among several ports in six countries for the deal, which is reported to be worth 100 million euros.
The ship’s owners Costa Crociere, a subsidiary of US-based Carnival Group, have said the operation will begin on July 20 if weather conditions permit.
The Costa Concordia struck a rock and capsized off the island of Giglio in January 2012.
32 people were killed in the accident.
In September last year, the ship was rotated upright and now rests on an artificial seabed.
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