Work to remove the MV Miner will get underway on Monday.
The derelict vessel has been washed up on Scaterie Island since its tow line broke in rough seas in September of 2011.
Nova Scotia Lands president Gary Campbell says the project can finally start with the upcoming closure of the lobster season.
The province has awarded RJ MacIsaac Construction from Antigonish $11.9-million to carry out the demolition.
The company has been doing preparatory work at the site since the tender was announced in late May.
Campbell says waiting for the lobster season to close only delayed the project by about a week.
He adds 85 percent of the work to dismantle the Miner will be carried out on land.
Local fishermen have been hired to transport workers to and from the site.