Titanic Replica Planned by Australian Billionaire

Australian billionaire Clive Palmer plans to build a 21st-century replica of the Titanic

Palmer has signed a first-stage agreement with Nanjing- based CSC Jinling Shipyard to build the ship as part of a planned fleet of luxury liners, according to a Bloomberg news report.

The ship will have the same dimensions as the original Titanic, with 840 rooms on nine decks as well as gymnasiums, swimming pools, libraries and restaurants.

A historical research team had started design work on the ship, which would also include an exhibition room in place of the original's coal boilers to showcase Queensland and its abundance of opportunities.

Palmer has signed a first-stage agreement with Nanjing- based CSC Jinling Shipyard to build the ship as part of a planned fleet of luxury liners, the Gold Coast, Queensland-based businessman informed.