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Billionaire Building Titanic II

Australia's Clive Palmer wants maiden voyage by end of 2016
By Mark Russell,  Newser Staff
Posted Apr 30, 2012 5:34 AM CDT
Updated Apr 30, 2012 7:53 AM CDT

(Newser) – An Australian billionaire is going to build a replica of the Titanic and sail it from England to the United States, flanked by the Chinese navy, by the end of 2016, reports Bloomberg. Clive Palmer, a mining magnate, says the replica will have the exact dimensions and all the amenities of the original—minus the coal boilers, which will be replaced with a room promoting Palmer's home base of Queensland. “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,” he says. No word whether the billionaire also plans to tackle the Hindenburg... (Read more Clive Palmer stories.)

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