Read more: Clive Palmer | Titanic II | Plan to build cruise ship fleetMarissa Calligeros said:Queensland billionaire mining magnate Clive Palmer has unveiled his plans to build the Titanic II to add to his tourism portfolio.
Mr Palmer said his new company Blue Star Line Pty Ltd had commissioned the state-owned Chinese company CSC Jinling Shipyard to build a near replica of the ill-fated Titanic. The cost is unknown.
He made the announcement on the same day he revealed his hopes to contest the next federal election in the Queensland seat of Lilley, currently held by Deputy Prime Minister and Treasurer Wayne Swan.
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Mr Palmer said the companies had signed a memorandum of understanding to build the cruise liner in China, with the ship's maiden voyage from England to North America scheduled for late 2016.
"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," Mr Palmer said.
So, do you believe that it will happen this time?
Personally, I remain sceptical. Again there are given almost no concrete details. I think the project will just disappear again.