<P> On 14 July 2014 , work commenced to refloat Costa Concordia in preparation for towing . At this point , the costs had risen to € 1 billion . Including tow cost , € 100 million for the ship to be broken up for scrap and the cost of repairing damage to Giglio island , the estimated final cost was expected to be € 1.5 billion ( $2 billion ) . On 23 July , having been refloated , the ship commenced its final journey under tow at a speed of 2 knots ( 4 km / h ; 2 mph ) , with a 14 - ship escort , to be scrapped in Genoa . It arrived at port on 27 July , after a four - day journey . It was moored to a seawall at the port , awaiting dismantling processes . </P>
<P> On 14 July 2014 , work commenced to refloat Costa Concordia in preparation for towing . At this point , the costs had risen to € 1 billion . Including tow cost , € 100 million for the ship to be broken up for scrap and the cost of repairing damage to Giglio island , the estimated final cost was expected to be € 1.5 billion ( $2 billion ) . On 23 July , having been refloated , the ship commenced its final journey under tow at a speed of 2 knots ( 4 km / h ; 2 mph ) , with a 14 - ship escort , to be scrapped in Genoa . It arrived at port on 27 July , after a four - day journey . It was moored to a seawall at the port , awaiting dismantling processes . </P>
how much does it cost to raise the costa concordia
how much does it cost to raise the costa concordia
$2 billion
$2 billion