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Historic paddle steamer Medway Queen could be home before the end of the year.
Project manager Bob Stokes said rebuilding of the hull had passed the halfway stage and framework for the new decks was now in place.
"Bringing her back could present a few problems," said Mr Stokes. "She will have to be towed down the Bristol Channel and round The Lizard, which could be rough going if the weather turns bad.
"On the return journey she will have her engine in place, although it won't be running at that stage.
"And we may have the funnel installed, which will make her look more recognisable. She will also have the paddle wheels in place, because these have to be fitted when she is in dry dock."
The Medway Queen will be berthed at Gillingham Pier, behind the old lightship moored there.
Next to the mooring are workshops, where much of the restoration will take place.
Mr Stokes has expressed frustration at delays over the lease of the buildings, which has prevented access to the workshops.
"Funding continues to be a problem," said Mr Stokes. "One of the difficult issues is getting the boiler constructed and we are looking for a sponsor for that project.
"There are still several opportunities for companies to get involved through sponsorship."
MidKent College in Gillingham is now closely involved with the restoration and is expected to place 10 apprentices to work on the project.
Members of the Medway Queen Preservation Society attended an event at the college when they saw two films that have been produced by Greg McDonald, who has been appointed communications manager for the project.
The first, Saving the Queen, tells the story of the ship's rescue from demolition and its restoration so far.
The second, Heroine of Dunkirk, recounts her seven rescue missions during Operation Dynamo, when she brought back 7,000 men from Dunkirk.