The island of Giglio lies within the Pelagos Sanctuary for Mediterranean Marine Mammals, and is home to more than 700 botanical and animal species including fin whales, sperm whales, dolphins, tuna, billfish and sharks.
According to Giuseppe Bocci, an architect at Bocci and Partners, a company working in the field of architecture, civil engineering, town planning, 21 steel ropes are necessary to chain the Concordia to the reef.
The project would involve "slinging" the Concordia with 4-inch-diameter steel ropes, anchoring them both to the reef and the sea bottom.
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"It the same principle of the floating tension leg platforms. There, the mooring system consists of tendons, or tension leg, attached to the structure and connected to a foundation on the seabed," Bocci told Discovery News.
"Obviously, there is no time to build fondations, but a decent number of anchors would work in securing the ship," Bocci said.
He estimated that the project , if ever approved, could be realized in about two days.