Titanic II: Australian Billionaire Announces Plan to Rebuild Liner

Posted: April 30, 2012

By: Alison Rourke [Guardian.co.uk]

As a way of drawing attention to one's election campaign, it is – if nothing else – unique. Clive Palmer, one of Australia's wealthiest businessmen, has unveiled plans to build a replica of the Titanic,

which he hopes will sail from England to New York in 2016. He has also

announced he is standing for federal parliament in the seat held by the

deputy prime minister and treasurer.

In separate press

conferences on Monday, the mining billionaire first surprised the

political world by declaring he would be contesting the Labor politician

Wayne Swan's seat in parliament. Hours later, Palmer managed to outdo

himself by announcing a second shock bid: this time to harness the

latest technology and build 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," he said.

Asked if Titanic II could meet the same

fate as its predecessor, Palmer told reporters: "Of course it will sink

if you put a hole in it." He added: "Of course, if you are

superstitious … you never know what could happen."

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