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Clive Palmer Plans To Build Titanic II.

Australian mining magnate Clive Palmer announced plans Monday  to build an ultra-modern, luxury version of the ill-fated 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 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,  Titanic II would make its maiden voyage from England to New York in late 2016.

Palmer announced his Titanic plans the same day he revealed he would make a run for Australia’s Parliament.

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