AP
An Australian billionaire has announced the construction of the Titanic II: a replica of the iconic ship with the same dimensions, rooms and smokestacks, but with a 21st-century interior makeover.
Weeks after the 100th anniversary of the sinking of the original Titanic, Clive Palmer said Monday he has signed a memorandum of understanding with state-owned Chinese company CSC Jinling Shipyard to build the Titanic II. Construction of the ship will begin in late 2013, the Australian reports, with its maiden voyage from England to New York set for 2016.
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