The entire operation to remove the Concordia from the reef and float it to Genova, where it will be scrapped, will cost a total of 1.5 billion euros ($2 billion), Costa Crociere SpA CEO Michael Tamm told reporters.
Date: Jul 14, 2014
Category: World
Source: Google
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Michael Tamm at Carnival Cruises, the company that owns Costa, said the operation has already cost an eye-watering $1 billion, and will top $2 billion or more by the time it's done. That's more than three times the $612 million than it cost to build in 2004.