The Minister for Transport, Martin Cullen has given the go ahead for the raising of the Pere Charles and Maggie B.
Minister Cullen today met with the families of the fishermen who perished on the Waterford and Cork vessels.
Cork trawler the Maggie B was lost in April 2006, while the Pere Charles sunk last January.
The Dunmore East trawler sank off Hook Head, claiming the lives of all five fishermen on board.
Speaking in Waterford today the Minister said that given the issues raised by the families it was important to review all procedures involved.
The wreck, which is located three miles off the Hook, was searched by naval divers but no bodies were found.
Some family members believe there is still a possibility that some bodies could be on board and want the boat raised.
Minister Cullen said that raising the vessel would give everybody definitive answers to questions that had been asked by the families.
The families of the crew expressed their relief at the decision and said they could finally have closure.
