The vessel San Marco, which has been obstructing Magħluq Bay in Marsaxlokk, is being removed this weekend, Transport Malta said.
It said the contractor was setting up rigging today and would be mobilising machinery on the bay tomorrow for the salvage operation to start on Sunday.
A crane barge would pull the vessel towards deeper waters. Divers have already checked the seabed to ensure there were no obstructions that might damage the hull or the seabed during the pulling.
For safety reasons, the beach and the surrounding area would be restricted, TM said, adding that its officers and the police would be present to oversee the operation.
The bay will be reopened to the public next week.