Titanic II Construction Funded by Australian Billionaire, Set to Sail in 2016

Titanic II Construction Funded by Australian Billionaire, Set to Sail in 2016

Titanic II Construction Funded by Australian Billionaire, Set to Sail in 2016

Titanic II will soon be sailing the high seas within the next few years!

Clive Palmer, a billionaire from Australia with an estimated worth of more than $5 billion, said he had commissioned a state-owned Chinese company to design and construct an exact copy of architectural design and accurate dimensions of the ill-fated Titanic.  He would name the ship Titanic II.

"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.

He said Titanic II would make its maiden voyage from England to New York in 2016.  The cost of the construction of new ship was not disclosed however.

The news came out just two weeks after the 100th anniversary of the disastrous sinking of the ship, Titanic, which hit an iceberg on its first voyage across the Atlantic on April 15, 1912, causing the death of 1,500 people.

"Titanic II will be the ultimate in comfort and luxury with on-board gymnasiums and swimming pools, libraries, high class restaurants and luxury cabins," Palmer said.

Palmer announced his Titanic plans the same day he revealed he would run for Australia’s Parliament.  The billionaire said he would seek the conservative opposition's candidacy for the seat currently held by Deputy Prime Minister Wayne Swan.

"Politics is about ideas," the billionaire told reporters. "You are not going to become rich being a politician."

 

Posted by on Tuesday May 01 2012, 7:58 AM EST. Ref: CNN. All trademarks acknowledged. Filed under Featured News, Finance. Comments and Trackbacks closed. Follow responses: RSS 2.0

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