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
Billionaire Building Titanic II
In this March. 6, 2012 photo provided by Bonhams Auction House, the front page of the April 16, 1912 evening edition of the Boston Globe, detailing the Titanic Disaster is shown.   (AP Photo/Bonhams Auction House)

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... (More Clive Palmer stories.)

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