Billionaire to Build New Titanic for 2016

Australian real estate billionaire Clive Palmer announced that he's planning to build a replica of the Titanic and have it ready for its maiden voyage in late 2016. It will  sail from England to New York, the same path the first Titanic was taking.


"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 is to include all modern technology, but will still make it look like the original design. For example: Despite being diesel-powered, the new ship will still have four smoke stacks, like the coal-powered original, but they will be purely decorative.