Weeks after the 100th anniversary of the sinking of Titanic, Clive Palmer An Australian billionaire announced that he will build high-tech replica of the Titanic. Palmer has signed a memorandum of understanding with state-owned Chinese company CSC Jinling Shipyard to build the Titanic II.
"It will be every bit as luxurious as the original Titanic, but ... will have state-of-the-art 21st-century technology and the latest navigation and safety systems," Palmer said in a statement. He called the project "a tribute to the spirit of the men and women who worked on the original Titanic."
Palmer said: ‘Titanic II will be the ultimate in comfort and luxury with on-board gymnasiums and swimming pools, libraries, high class restaurants and luxury cabins.’
Titanic II maiden voyage in late 2016 will be from England to New York, just like Titanic.The construction is expected to begin of 2013.
Australia, mining billionaire Clive Palmer built a fortune on real estate on Australia's Gold Coast tourist strip before becoming a coal mining magnate. BRW magazine reported he was Australia's fifth-richest person last year with more than 5 billion Australian dollars ($5.2 billion).
