Australian billionaire plans to build Titanic IIMay 1, 2012
A new Titanic could be sailing the high seas within a few years.
Australian mining magnate Clive Palmer announced plans Monday to build an ultra-modern, luxury version of the doomed ocean liner in China.
Palmer, one of the richest people in Australia with an estimated worth of more than $5 billion, said he had commissioned a state-owned Chinese company to construct Titanic II with the exact dimensions as the ill-fated original.
"It will be every bit as luxurious as the original Titanic but of course it will have state-of-the-art 21st century technology and the latest navigation and safety systems," Palmer said, according to AFP.
He said Titanic II would make its maiden voyage from England to New York in late 2016.
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Posted by Ken at 1:43 AM